Crude palm oil up 0.6% on spot demand

Crude palm oil futures for February was up by Rs 2.60, or 0.57%, to Rs 454.40 per kg in 251 lots.

On the Multi Commodity Exchange (MCX), the March contract moved up by Rs 2.20, or 0.48%, to Rs 464.10 per 10 kg in 268 lots.

Prices rose as speculators created fresh positions, driven by rising spot demand.

A firming trend in the overseas market and increasing demand in the physical market led to increase in the prices at futures market.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1.30% to $825 a tonne.