Crude palm oil futures prices up on spot demand

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SummaryCrude palm oil prices moved up by Rs 1.80 to Rs 438.20 per 10 kg in futures market today.

In range-bound movements, crude palm oil prices moved up by Rs 1.80 to Rs 438.20 per 10 kg in futures market today as speculators created fresh positions, tracking a firm trend at spot market on pick up in demand.

At the Multi Commodity Exchange, crude palm oil for delivery in January rose by Rs 1.80, or 0.41 per cent, to Rs 438.20 per 10 kg in business turnover of 146 lots.

Similarly, the oil for delivery in the December contract edged up by Rs 1.10, or 0.26 per cent, to Rs 429.90 per 10 kg in 824 lots.

Market analysts said fresh buying by speculators, tracking a firm trend at the spot markets following pick-up in demand mainly influenced crude palm oil prices at futures trade here.

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