Crude palm oil futures rise 0.13 pc on spot demand

Crude palm oil prices inched up by 0.13 per cent to Rs 526.20 per 10 kg in futures trade today as speculators built up fresh positions amid uptick in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April rose 70 paise, or 0.13 per cent, to Rs 526.20 per 10 kg in a business turnover of 40 lots.
Likewise, the oil for delivery in March traded marginally up by 10 paise, or 0.02 per cent, to Rs 533 per 10 kg in 429 lots.
Analysts said, fresh positions created by participants due to pick-up in demand in the spot market, mainly influenced crude palm oil prices at futures trade.