Palm oil up 0.3% on rising demand

On the similar lines, the oil for delivery in January edged up by 0.3%

Crude palm oil extended gains for the second day with prices rising 0.33% to Rs 539.70 per 10 kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on rising demand.

At the Multi Commodity Exchange, crude palm oil for delivery in February gained Rs 2, or 0.33% to Rs 539.70 per 10 kg in business turnover of 87 lots.

On the similar lines, the oil for delivery in January edged up by Rs 1.60, or 0.30% to Rs 534.40 per 10 kg in 71 lots.

Analysts said persistent rise in crude palm oil at futures trade was mostly supported by speculators enlarging positions and a firm trend at spot market on rising demand.