New Delhi, Jun 29 (PTI) Buoyed by a firming global trend and increased domestic demand, crude palm oil prices rose by Rs 5.10 to Rs 478 per kg in futures trade today.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 5.10, or 1.08 per cent, to Rs 478 per kg, with a business turnover of 112 lots.
Likewise, the oil for delivery in June inched up by Rs 2.20, or 0.46 per cent, to Rs 475.70 per kg, with an open interest of in 36 lots.
Market analysts said apart from a firming trend in overseas market, pick-up in spot market demand mainly helped crude palm oil prices to trade higher at futures market.
Meanwhile, palm oil for the September-delivery gained 1.4 per cent to USD 1,022 a tonne on the Malaysia Derivatives Exchange.
