Crude palm oil futures extend gain, up 0.17% on rising demand

Crude palm oil prices rose further by 0.17 per cent to Rs 537.80 per 10 kg in futures market today as participants engaged in enlarging their positions amid rising demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in March edged up by 90 paise, or 0.17 per cent to Rs 537.80 per 10 kg in business turnover of 20 lots.

Analysts said widening of positions by traders following strong demand in the spot market against restricted supplies from producing regions mainly kept crude palm oil prices up at futures trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)