Crude palm oil futures edged higher on MCX as participants engaged in building up positions, tracking a firm trend at spot market on surging demand. Moreover, restricted supplies from growing regions also added support to crude palm oil prices’ uptrend. The contract for August delivery was trading at Rs 508.20, up by 0.83% or Rs 4.20 from its previous closing of Rs 504.00. The open interest of the contract stood at 2912 lots.

The contract for November delivery was trading at Rs 509.70, up by 0.87% or Rs 4.40 from its previous closing of Rs 505.30. The open interest of the contract stood at 2623 lots on MCX.

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