 "Crude palm oil rises by 0.4% on pick-up in demand")
Crude palm oil prices rose by 0.42% to Rs 426.50 per 10 kg in futures trading today as speculators indulged in creating fresh positions, supported by rising demand in the spot market amid a firming trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in January 2015 rose by Rs 1.80, or 0.42%, to Rs 426.50 per 10 kg in business turnover of 182 lots.
Likewise, the oil for delivery in December was up by Rs 1.40, or 0.33%, to Rs 416.80 per 10 kg in 76 lots.
Analysts said fresh positions created by speculators, driven by pick-up in demand in the spot market and a firming trend in the global markets, mainly led to rise in crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for delivery in January 2015 rose by Rs 1.80, or 0.42%, to Rs 426.50 per 10 kg in business turnover of 182 lots.
Likewise, the oil for delivery in December was up by Rs 1.40, or 0.33%, to Rs 416.80 per 10 kg in 76 lots.
Analysts said fresh positions created by speculators, driven by pick-up in demand in the spot market and a firming trend in the global markets, mainly led to rise in crude palm oil prices at futures trade.