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Crude palm oil trades higher in futures trade

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Press Trust of India New Delhi

Supported by rising demand in the spot market, crude palm oil futures traded marginally higher by Rs 1.40 to Rs 580 per 10 kg today.

At the Multi Commodity Exchange, crude palm oil for March contract traded higher by Rs 1.40, or 0.24 per cent to Rs 580 per 10 kg, with a business volume of single lot. 

Likewise, the oil for delivery in February gained paise 70, or 0.12 per cent to Rs 575.30 per 10 kg, with a business turnover of two lots.

Market analysts said fresh positions created by speculators following pick up in demand in the spot market, mainly led to the rise in crude palm oil prices at futures trade.

 

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First Published: Feb 01 2011 | 1:59 PM IST

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