Crude palm oil rebounded by Rs 5 to Rs 413 per 10 kg in futures trading today on emergence of buying by traders at existing lower levels, driven by a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil price for delivery in January month rebounded by Rs 5, or 1.23 per cent to Rs 413 per 10 kg in business turnover of 1,033 lots.
Similarly, the oil price for delivery in December contract gained Rs 3.70, or 0.92 per cent to Rs 405.50 per 10 kg in 754 lots.
Analysts said fresh buying by traders at existing lower levels, driven by a rise in demand in the spot market mainly helped crude palm oil prices to recover at futures trade.
