 "Crude palm oil adds 1% on pick-up in demand")
Crude palm oil prices gained 1.04 per cent to Rs 466 per 10 kg in futures trading today as participants created fresh positions after pick-up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in March rose by Rs 4.80, or 1.04 per cent, to Rs 466 per 10 kg in a business turnover of 256 lots.
The February contract traded higher by Rs 4.20, or 0.91 per cent, to Rs 463.70 per 10 kg in 185 lots.
Marketmen said speculative positions built up by participants following pick-up in spot demand against restricted supplies from producing belts mainly led to rise in crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in March rose by Rs 4.80, or 1.04 per cent, to Rs 466 per 10 kg in a business turnover of 256 lots.
The February contract traded higher by Rs 4.20, or 0.91 per cent, to Rs 463.70 per 10 kg in 185 lots.
Marketmen said speculative positions built up by participants following pick-up in spot demand against restricted supplies from producing belts mainly led to rise in crude palm oil prices at futures trade.