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Crude palm oil rules firm as demand picks up

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Press Trust of India New Delhi

Crude palm oil prices rose by Rs 1.50 to Rs 516.70 per 10 kg in futures trade today supported by pick up in demand on account of marriage season.

At the Multi Commodity Exchange, crude palm oil for delivery in February added Rs 1.50, or 0.29% to Rs 516.70 per 10 kg in business turnover of 38 lots.

The March contract edged up by Rs 1.20, or 0.23% to Rs 520.40 per 10 kg in 69 lots.

Analysts said pick-up in demand in the spot market in view of marriage season mainly supported the upside in crude palm oil prices at futures trade.

 

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First Published: Feb 06 2012 | 1:08 PM IST

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