Crude palm oil futures rise on good global trend

Crude palm oil prices rose by Rs 2.60 or 0.69 per cent to Rs 377.30 per 10 kg in futures trade today, driven by a firming trend overseas.

At the Multi Commodity Exchange platform, crude palm oil for June-month contract gained Rs 2.60, or 0.69 per cent to Rs 377.30 per 10 kg, with a total business turnover of 2,182 lots.

The oil for delivery in May contract also traded higher by Rs 2.40, or 0.64 per cent to Rs 377.40 per 10 kg, with a business volume of 1,154 lots.

Marketmen said firming trend at global markets helped the rise in crude palm oil prices at futures market here.
    
Meanwhile, palm oil for August-delivery gained 1.8 per cent to $742 a metric tonne on the Malaysia Derivatives Exchange.