Crude palm oil futures edged higher as speculators enlarged their positions taking positive cues from spot market on rising demand. Besides, tight inventories in the physical market due to restricted arrivals from producing regions too supported the uptrend in crude palm oil prices.
The contract for June delivery was trading at Rs 508.50, up by 0.18% or Rs 0.90 from its previous closing of Rs 507.60. The open interest of the contract stood at 1631 lots.
The contract for July delivery was trading at Rs 504.60, up by 0.12% or Rs 0.60 from its previous closing of Rs 504.00. The open interest of the contract stood at 4748 lots on MCX.
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