MSN:Crude palm oil up in futures trade on spot demand
New Delhi, Aug 30 (PTI) Crude palm oil moved up by Rs 2.60 to Rs 490.50 per 10 kg in futures trading today, supported by rising demand in the spot market for the ongoing festive season.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 2.60, or 0.53 per cent, to Rs 490.50 per 10 kg, with a business turnover of 150 lots.
Likewise, the oil for delivery in August was trading higher by 20 paise, or 0.04 per cent, at Rs 490.20 per 10 kg in 60 lots.
Market analysts said apart from a firming trend in the spot market, a pick-up in demand due to the ongoing festive season pushed up crude palm oil futures prices.
