 "Crude palm oil marginally up on spot demand")
Crude palm oil futures traded marginally higher by Rs 2.40 to Rs 533.60 per 10 kg today on pick-up in demand in the spot markets amid a firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose Rs 2.40, or 0.45 per cent, to Rs 533.60 per 10 kg, with a trading volume of 184 lots.
The January contract gained Rs 1.20, or 0.22 per cent, to Rs 527.30 per 10 kg, with a business volume of 160 lots.
Meanwhile, palm oil for the April contract gained 0.80 per cent to 2,563 ringgit ($766) a tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose Rs 2.40, or 0.45 per cent, to Rs 533.60 per 10 kg, with a trading volume of 184 lots.
The January contract gained Rs 1.20, or 0.22 per cent, to Rs 527.30 per 10 kg, with a business volume of 160 lots.
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Market analysts said apart from a firming trend overseas, pick-up in the spot demand at domestic markets, influenced crude palm oil futures prices.
Meanwhile, palm oil for the April contract gained 0.80 per cent to 2,563 ringgit ($766) a tonne on the Malaysia Derivatives Exchange.