Crude palm oil up 0.3% on rising demand

This, as speculators enlarged their positions

Supported by rising domestic demand, crude palm oil futures gained 0.28% to Rs 583.30 per 10 kg as speculators enlarged positions.

At the Multi Commodity Exchange, crude palm oil for delivery in March added Rs 1.60, or 0.28%, to Rs 583.30 per 10 kg in business turnover of 68 lots.

Similarly, the oil for delivery in February gained Rs 1.20, or 0.21%, to Rs 583 per 10 kg in 7 lots.

Analysts said the rise in crude palm oil prices at futures trade was mostly attributed to participants enlarging their positions on the back of rising demand in the spot market.