Crude palm oil up 0.4% on pick-up in spot demand
Prices went up as speculators created fresh positions
 "Crude palm oil up 0.4% on pick-up in spot demand")
Crude palm oil prices marginally up by Rs 2.10 to Rs 469.60 per 10 kg in futures trade today as speculators created fresh positions amid pick-up in demand in spot markets.
On the Multi Commodity Exchange (MCX), crude palm oil for May delivery rose by Rs 2.10, or 0.44%, to Rs 469.60 per kg, with a trading volume of 185 lots.
Similarly, the oil for delivery in June went up by Rs 1.60, or 0.34%, to Rs 469.60 per 10 kg, with a business turnover of 211 lots.
Meanwhile, the oil climbed 1.10% to $772 a tonne on the Malaysia Derivatives Exchange (MDEX).
On the Multi Commodity Exchange (MCX), crude palm oil for May delivery rose by Rs 2.10, or 0.44%, to Rs 469.60 per kg, with a trading volume of 185 lots.
Similarly, the oil for delivery in June went up by Rs 1.60, or 0.34%, to Rs 469.60 per 10 kg, with a business turnover of 211 lots.
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Analysts said fresh positions created by speculators following pick-up in demand in spot markets, mainly led to a rise in crude palm oil prices at futures market.
Meanwhile, the oil climbed 1.10% to $772 a tonne on the Malaysia Derivatives Exchange (MDEX).