Crude palm oil up by 0.4% in futures trade

Crude palm oil prices were higher by 0.36% to Rs 419.10 per 10 kg in futures trading today as speculators indulged in creating positions, supported by pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in December edged up by Rs 1.50, or 0.36% to Rs 419.10 per 10 kg in business turnover of 53 lots.

Similarly, the oil for delivery in January next year traded higher by Rs 1.40, or 0.33% to Rs 429 per 10 kg in 73 lots.

Analysts said fresh positions created by speculators on the back of pick-up in demand in the spot market, mainly led to rise in crude palm oil prices at futures trade.