04/10/2016 (Business Standard) -  Crude palm oil prices were up by 0.41 per cent to Rs 514.40 per 10 kg in futures market today as participants created fresh positions, driven by uptick in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in November moved up by Rs 2.10, or 0.41 per cent, to Rs 514.40 per 10 kg, in a business turnover of 86 lots.

Likewise, the oil for delivery in October edged up by 70 paise, or 0.13 per cent, to Rs 540.80 per 10 kg in 210 lots.

Analysts attributed the rise in crude palm oil prices at futures trade to building up of positions by traders due to pick up in demand in the spot market against restricted supplies from overseas markets.

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