Crude palm oil futures gain 0.82 pc as demand picks up

NEW DELHI, July 10:  Crude palm oil prices were trading up by 0.82 per cent to Rs 490.50 per 10 kg in futures trading today as traders created fresh positions amid pick up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by Rs 4, or 0.82 per cent, to Rs 490.50, per 10 kg in a business turnover of 349 lots.
Likewise, the oil for delivery in August was trading higher by Rs 3.90, or 0.81 per cent, to Rs 484.80 in a turnover of 112 lots.
Analysts said building up of fresh positions by participants due to uptick in demand in the spot market against tight stocks position on fall in supplies from producing regions mainly attributed the rise in crude palm oil prices at futures trade. (PTI)


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