NEW DELHI, Nov 12: Crude palm oil prices rebounded by 0.31 per cent to Rs 451.80 per 10 kg in futures trade today as speculators created fresh positions amid pick-up in demand in spot markets against tight supplies from producing regions.
At the Multi Commodity Exchange, crude palm oil for delivery in November moved up by Rs 1.40, or 0.31 per cent to Rs 451.80 per 10 kg in business turnover of 81 lots.
Similarly, the oil for delivery in December traded higher by Rs 1.30, or 0.29 per cent to Rs 457 per 10 kg in 116 lots.
Analysts attributed the rise in crude palm oil futures to fresh positions built-up by speculators after demand picked-up in the spot market against tight supplies from producing belts. (PTI)
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