 "Palm oil up 0.5% on spot demand")
Crude palm oil prices rose by 0.50% to Rs 573.20 per 10 kg in futures trading after participants created speculative positions following rising demand in the spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 2.90, or 0.50%, to Rs 573.20 per 10 kg in a business turnover of 43 lots.
Likewise, the oil for delivery in March was up by Rs 1.50, or 0.26%, to Rs 574.20 per 10 kg in 43 lots.
Analysts said speculative positions built-up by participants following pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 2.90, or 0.50%, to Rs 573.20 per 10 kg in a business turnover of 43 lots.
Likewise, the oil for delivery in March was up by Rs 1.50, or 0.26%, to Rs 574.20 per 10 kg in 43 lots.
Analysts said speculative positions built-up by participants following pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.