ET:Crude palm oil futures marginally up on better spot demand
NEW DELHI: Crude palm oil prices were marginally up by Rs 1.40 to Rs 544.90 per 10 kg in futures market today after speculators built up fresh positions, tracking a firm trend at spot market on better demand.
At the Multi Commodity Exchange, Crude palm oil for delivery in August month traded higher by Rs 1.40, or 0.26 per cent, to Rs 544.90 per 10 kg in business turnover of 761 lots.
Likewise, the oil for delivery in September edged up by 30 paise, or 0.06 per cent to Rs 540.10 per 10 kg in 640 lots.
Market analysts said fresh positions created by speculators supported by a firm trend at spot market on better demand mainly helped crude palm oil prices to trade marginally higher at futures trade.
