Crude palm oil futures rose by Rs 3.30 to Rs 522 per 10 kg in futures trade today on the back of a pick-up in demand in the spot market amid a firming global trend.
At the Multi Commodity Exchange, crude palm oil for February contract delivery rose by Rs 3.30, or 0.63%, to Rs 522 per 10 kg, with an open interest for 75 lots.
In a similar fashion, crude palm oil for delivery in January rose by Rs 3.10, or 0.60%, to Rs 516.90 per 10 kg in 106 lots, while December contract CPO edged up by Rs 2.50, or 0.48%, to Rs 83 per 10 kg in 83 lots.
Market analysts said apart from a firming trend in overseas markets, a pick-up in spot market demand helped crude palm oil futures trade marginally higher.
Meanwhile, palm oil gained 1% to $948 per metric tonne on the Malaysia Derivatives Exchange.
