MSN:Crude palm oil futures up on spot demand; global cues
New Delhi, Nov 15 (PTI) Crude palm oil futures prices were marginally up today by 0.18 per cent to Rs 506.20 per 10 kg on pick-up in demand in the spot market amid a firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in December traded higher by 90 paise, or 0.18 per cent, to Rs 506.20 per 10 kg, with a business turnover of 20 lots.
In a similar fashion, the oil for delivery in November edged up by 40 paise, or 0.08 per cent, to Rs 500.50 per 10 kg, with a trade volume of seven lots.
Market analysts said apart from pick-up in demand at spot markets, a firming trend in global markets, also supported the upside in crude palm oil futures prices.
Meanwhile, palm oil futures for the January delivery advanced 0.4 per cent to USD 1,021 per tonne on the Malaysia Derivatives Exchange, the highest level since June 22.