Crude palm oil gains 0.57%

Restricted arrivals from producing belts influenced the trade

Crude palm oil prices recovered by Rs 3.30 to Rs 447.40 per 10 kg in futures trade today.

At the Multi Commodity Exchange, the February contract rose by Rs 3.30, or 0.74% to Rs 447.40 per 10 kg in 568 lots.

Likewise, the January contract gained Rs 2.50, or 0.57% to Rs 438.30 per 10 kg in 687 lots.

Analysts said rising spot markets demand, restricted arrivals from producing belts influenced crude palm oil futures trade.