Crude palm oil up 0.35% on rising spot demand

Increased buying by speculators also influenced the price

The crude palm oil futures for February rose by Rs 1.60, or 0.35% to Rs 455.70 per 10 kg in 595 lots at the Multi Commodity Exchange today.

The January contract traded higher by Rs 1.20, or 0.27% to Rs 446.90 per 10 kg in 724 lots.

Analysts said increased buying by speculators rising spot market demand led to rise in crude palm oil futures.