NEW DELHI: Crude palm oil remained firm with prices rising by Rs 1.20 to Rs 425.20 per 10 kg in futures trade today as traders created fresh positions on the back of rising spot demand due to festive season.
A firming trend in overseas markets also influenced crude palm oil prices in futures market.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 1.20, or 0.28 per cent, to Rs 425.20 per 10 kg, with a business turnover of 155 lots.
The oil for the November contract went up by Rs 1.10, or 0.25 per cent, to Rs 432.40 per 10 kg with trading volume of 248 lots.
In Malaysia, the contract for January delivery was a shade higher at 2,498 ringgit ($ 818) a metric tonne on the Malaysia Derivatives Exchange in Kuala Lumpur.
Market analysts said fresh buying by traders, influenced by a firming global trend mainly and firm spot demand helped crude palm oil prices to trade higher at futures trade.
