Crude palm oil up 0.8% on spot demand

Crude palm oil futures for March was up by Rs 3.90, or 0.83%, to Rs 471.10 per kg in 634 lots.

On the Multi Commodity Exchange (MCX), the February contract moved up by Rs 3.10, or 0.67%, to Rs 460.30 per 10 kg in 374 lots.

Prices rose as speculators created fresh positions on the back of rising spot demand.

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

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 0.80% to $824 a tonne.