Crude palm oil up on pick-up in demand

Amid rising trend at spot market on pick up in domestic demand, crude palm oil futures prices today rose further by 0.12% to Rs 595 per 10 kg.

On the Multi Commodity Exchange, the April contract for crude palm oil added 70 paise, or 0.12% to Rs 595 per 10 kg in business turnover of 345 lots.

The March contract traded higher by 60 paise, or 0.10%, to Rs 590 per 10 kg in 39 lots.

Analysts said apart from firming trend at spot markets on pick-up in demand, restricted arrivals from producing regions also helped supported the upside in crude palm oil futures prices.