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Crude palm oil up on strong spot demand

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Press Trust of India New Delhi

Crude palm oil futures prices were up by Rs 1.90 to Rs 547.50 per 10 kg today due to pick-up in spot demand in view of marriage season.

At the Multi Commodity Exchange, crude palm oil for delivery in March traded higher by Rs 1.90, or 0.35% to Rs 547.50 per 10 kg in business turnover of 304 lots.

Likewise, the oil for delivery in February contract edged up by Rs 1.40, or 0.26% to Rs 535 per 10 kg in 75 lots.

Market analysts said pick-up in spot demand on the back of marriage season mainly influenced crude palm oil prices to went up at futures trading.

 

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First Published: Feb 21 2012 | 2:09 PM IST

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