MSN:Crude palm oil strengthens in futures trade; up 1.5 pc
New Delhi, Aug 16 (PTI) Crude palm oil prices moved up by 1.53 per cent Rs 478.40 per 10 kg in futures trade today as speculators created fresh positions, triggered by rising demand at the spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in October moved up by Rs 7.20, or 1.53 per cent, to Rs 478.40 per 10 kg, with a business turnover of 43 lots.
Likewise, the oil for delivery in August edged up by Rs 5, or 1.04 per cent, to Rs 487 per 10 kg, with a trading volume of 98 lots.
Analysts said pick-up in spot market demand mainly pushed up crude palm oil futures prices.
