Sunday , August 20 2017
Home / Business / Crude palm oil futures rise 0.27 pc as demand picks up

Crude palm oil futures rise 0.27 pc as demand picks up

New Delhi: Amid pick-up in domestic demand and restricted arrivals from producing regions, crude palm oil prices edged up by 0.27 per cent to Rs 567.20 per 10 kg in futures trading today as traders created fresh positions.

In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in January edged higher by Rs 1.50, or 0.27 per cent to Rs 567.20 per 10 kg in a business turnover of 152 lots.

Likewise, the oil for delivery in December rose 50 paise, or 0.09 per cent, to Rs 579.70 per 10 kg in 9 lots.

Analysts said, fresh positions built up by participants due to uptick in demand in the spot market against fall in supplies from producing regions, mainly led to the rise in crude palm oil prices at futures trade.