 "Crude palm oil up 0.4% on spot demand, global cues")
Crude palm oil prices rose 0.41% to Rs 567.70 per 10 kg in futures trading today as speculators indulged in creating fresh positions, supported by a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in December moved up by Rs 2.30, or 0.41%, to Rs 567.70 per 10 kg in business turnover of 3 lots.
Similarly, oil for delivery in December gained Rs 2.20, or 0.39% to Rs 564.40 per 10 kg in 15 lots.
Meanwhile, palm oil the contract for February delivery rose 0.7% to 819 dollar a metric tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in December moved up by Rs 2.30, or 0.41%, to Rs 567.70 per 10 kg in business turnover of 3 lots.
Similarly, oil for delivery in December gained Rs 2.20, or 0.39% to Rs 564.40 per 10 kg in 15 lots.
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Analysts said fresh positions built-up by speculators on the back of a rise in demand in the spot market amid firm global trend mainly helped crude palm oil prices to trade higher at futures trade.
Meanwhile, palm oil the contract for February delivery rose 0.7% to 819 dollar a metric tonne on the Malaysia Derivatives Exchange.