Crude palm oil remained higher for the second day with prices rising by Rs 2.10 to Rs 537.50 per 10 kg in futures trade today as speculators enlarged positions, driven by a firm demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in September month gained Rs 2.10, or 0.39%, to Rs 537.50 per 10 kg in business turnover of 229 lots.
Similarly, the oil for delivery in August edged up by rupee one, or 0.19%, to Rs 540.70 per 10 kg in 151 lots.
Market analysts said speculators enlarged positions, driven by a firm demand in the spot market mainly helped crude palm oil to trade higher at futures trade.
