Crude palm oil futures prices rises 0.67% on spot demand
At the Multi Commodity Exchange, crude palm oil for delivery in December rose by Rs 2.80, or 0.67 per cent, to Rs 420 per 10 kg with a trading volume of 453 lots.
Likewise, the oil for delivery in January rose by Rs 2.70, or 0.63 per cent, to Rs 425.40 per 10 kg, with a business volume of 280 lots.
Analysts said apart from a firming trend overseas, pick- up in the spot demand mainly helped crude palm oil futures prices.
Meanwhile, palm oil gained 1.30 per cent to USD 759 a tonne on the Malaysia Derivatives Exchange.
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