NEW DELHI, July 25: Crude palm oil prices went up by 0.24 per cent to Rs 603 per 10 kg in futures trade today as speculators widened their positions amid firm demand at the spot market.
Besides, positive global cues supported the upmove.
At the Multi Commodity Exchange, crude palm oil for August contract rose by Rs 1.50, or 0.24 per cent, to Rs 603 per 10 kg in a business turnover of 102 lots.
Similarly, the oil for delivery this month’s contract went up by Rs 1.40, or 0.22 per cent, to Rs 616.90 per 10 kg in 34 lots.
Analysts said widening of positions by participants amid pick up in spot demand against tight stocks position on restricted supplies from overseas markets kept crude palm oil prices higher in futures trade. (PTI)
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