Crude palm oil up 1.2% on spot demand
Higher global trend influenced crude palm oil futures here
Crude palm oil futures for February gained Rs 5.40, or 1.21% to Rs 451.80 per 10 kg in 642 lots.
At the Multi Commodity Exchange (MCX), the January contract traded higher by Rs 1.20, or 0.27% to Rs 438.40 per 10 kg in 153 lots.
Speculators enlarging their positions, firm spot market trend on pick-up in demand supported the trade.
Higher global trend influenced crude palm oil futures here.
On the Malaysia Derivatives Exchange (MDEX), palm the April contract climbed 1.8% to $825 a tonne the highest since October 25.
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First Published: Jan 31 2013 | 2:04 PM IST