ET:Crude palm oil futures rise 0.82% as demand picks up
NEW DELHI: Crude palm oil prices up by 0.82 per cent to Rs 587.80 per 10 kg in futures trading after participants created speculative positions following rising demand in the spot markets.
At the Multi Commodity Exchange, crude palm oil for delivery in March rose by Rs 4.80, or 0.82 per cent, to Rs 587.80 per 10 kg in business turnover of 112 lots.
Likewise, the oil for delivery in February up by Rs 3.70, or 0.63 per cent, to Rs 588.90 per 10 kg in 12 lots.
Analysts said speculative positions built-up by participants driven by pick-up in spot demand mainly led to rise in crude palm oil prices at futures trade.
