NEW DELHI: Tracking a firm global trend and better domestic demand, crude palm oil prices moved up by Rs 1.80 to Rs 480.50 per 10 kg in futures trade today on fresh speculative buying.
At the Multi Commodity Exchange , crude palm oil for delivery in June moved up by Rs 1.80, or 0.38 per cent, to Rs 480.50 per 10 kg, with a business turnover of 13 lots.
Similarly, the oil for delivery in July traded marginally higher by 60 paise, or 0.12 per cent, to Rs 483.50 per 10 kg, with an open interest of 179 lots.
Traders said besides a firm global trend, better demand in the spot market also led to the rise in crude palm oil futures prices.
Meanwhile, palm oil for the September-delivery gained 0.7 per cent to USD 1,037 a tonne on the Malaysia Derivatives Exchange.C
