Crude palm oil up 0.7% on rising demand

Crude palm oil futures for March rose by Rs 3.20, or 0.68%, to Rs 469.90 per kg in 463 lots.

On the Multi Commodity Exchange (MCX), the February contract moved up by Rs 2.60, or 0.56%, to Rs 460 per 10 kg in 399 lots.

Prices rose as speculators created fresh positions on expectations of a rise in spot market demand.

A firming trend in the overseas markets influenced crude palm oil futures trade here.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 0.7% to $835 a tonne.