MC:Crude palm oil futures rise on pick up in demand
Crude palm oil prices rose by Rs 1.50 to Rs 466 per 10 kg in futures trading today due to pick-up in the spot market demand.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 1.50, or 0.32%, to Rs 466 per 10 kg, with a business turnover of 26 lots.
Similarly, the oil for delivery in November traded higher by Rs 1.10, or 0.24%, to Rs 464.60 per 10 kg, with an open interest of 57 lots.
Traders said rise in demand in the spot market mainly helped crude palm oil futures prices to trade higher.
