Crude palm oil futures traded higher on MCX as traders created fresh positions supported by pickup in demand in the spot market. Further, restricted supplies from producing regions too fuelled the uptrend.
The contract for July delivery was trading at Rs 517.40, up by 0.68% or Rs 3.50 from its previous closing of Rs 513.90. The open interest of the contract stood at 3327.00 lots.
The contract for August delivery was trading at Rs 505.00, up by 0.82% or Rs 4.10 from its previous close of Rs 500.90. The open interest of the contract stood at 5754.00 lots on MCX.