NEW DELHI, Oct 25: Crude palm oil prices were trading up 0.44 per cent to Rs 542.20 per 10 kg in futures trade today as speculators created fresh positions, supported by pick-up in demand at the spot market.
Moreover, tight stocks position on fall in supplies from growing regions added support to crude palm oil prices uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 2.40, or 0.44 per cent, to Rs 542.20 per 10 kg, in a business turnover of 234 lots.
Similarly, the contracts for December was trading at Rs 543.50, up by 0.42 per cent, or Rs 2.30 with a business volume of 130 lots.
Analysts said building up of positions by participants driven by pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade. (PTI)
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