Crude palm oil up on spot demand

The pick-up in spot demand mainly led to the rise in crude palm oil prices at futures market

Crude palm oil futures prices today traded marginally higher by Rs 2.10 to Rs 630.30 per 10 kg on pick-up in spot demand.

At the Multi Commodity Exchange, the May contract rose by Rs 2.10, or 0.33%, to Rs 630.30 per 10 kg in business turnover of 237 lots.

The June contract edged up by Rs 1.60, or 0.25%, to Rs 632.10 per 10 kg in 195 lots.

Analysts said pick-up in spot demand mainly led to the rise in crude palm oil prices at futures market.