Crude palm oil up 0.8% on rising demand

Firming overseas markets influenced crude palm oil futures trade here

Crude palm oil futures for March was up by Rs 3.50, or 0.76%, to Rs 460.70 per kg in 158 lots.

On the Multi Commodity Exchange (MCX), the February contract moved up by Rs 3.40, or 0.76%, to Rs 450.70 per 10 kg in 93 lots.

Prices rose as speculators created fresh positions on the back of rising spot demand.

A firming trend in the overseas markets also influenced crude palm oil futures trade here.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1.50% to $813 a metric tonne.