Crude palm oil up 1.52% on spot demand

Crude palm oil futures for February traded higher by Rs 6.70, or 1.52% to Rs 448 per 10 kg in 1,559 lots.

At the Multi Commodity Exchange, the January contract gained Rs 5.80, or 1.34%, to Rs 438.60 per 10 kg in 1,033 lots.

Pick-up in domestic demand and a firm global trend supported the trade.

On the Malaysia Derivatives Exchange, the March contract advanced 1.3% to $805 a tonne.