Crude palm oil up 0.5% on spot demand

Crude palm oil futures for March was up by Rs 2.30, or 0.5%, to Rs 459.80 per kg in 259 lots.     

On the Multi Commodity Exchange (MCX), the April moved up by Rs 1.20, or 0.25%, to Rs 463.90 per 10 kg in 258 lots.

Prices rose as participants created fresh speculative positions on the back of rising spot demand.

A firming trend in the overseas markets also influenced crude palm oil prices at futures trade.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 0.7% to $789 a tonne.