NEW DELHI, July 18: Amidst rising domestic demand, crude palm oil prices moved up by 0.23 per cent to Rs 528 per 10 kg in futures trade today as speculators created positions.
At the Multi Commodity Exchange, crude palm oil for delivery in July gained Rs 1.20, or 0.23 per cent to Rs 528 per 10 kg in business turnover of 35 lots.
Similarly, the oil for delivery in August contract edged up by Re one, or 0.19 per cent to Rs 515 per 10 kg in 24 lots.
Market analysts said the rise in crude palm oil prices at futures trade was mostly attributed to increased positions built-up by speculators following rising demand in the spot market amid tight supplies from producing regions. (PTI)
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