Crude palm oil rises 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, October crude palm oil rose by Rs 1.50, or 0.32%, to Rs 466 per 10 kg, with a business turnover of 26 lots.

The November contract 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.