Crude palm oil rebounds 0.2% on overseas cues

Crude palm oil futures for February rebounded by Re 1, or 0.22% to Rs 447.20 per 10 kg in 386 lots.

At the Multi Commodity Exchange (MCX), the March contract edged up by 80 paise, or 0.18% to Rs 456.60 per 10 kg in 425 lots.

Prices rebounded as speculators created fresh position.

Firm global trend helped crude palm oil prices to rebound at futures trade.

On the Malaysia Derivatives Exchange (MDEX), the April contract advanced 1.1% to $820 a tonne.