BS:Crude palm oil marginally up by 0.1% on spot demand
Crude palm oil prices traded marginally higher by 0.16% to Rs 513.70 per 10 kg in futures trade today as speculators created fresh positions after a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil prices for delivery in August month rose by 80 paise, or 0.16%, to Rs 513.70 per 10 kg in business turnover of 253 lots.
Likewise, the oil for delivery in July contract edged up by 20 paise, or 0.04%, to Rs 513.30 per 10 kg in 232 lots.
Market analysts said fresh positions created by speculators due to rise in demand in the spot market mainly helped crude palm oil prices to trade marginally higher in futures trade.
