Crude palm oil up by 0.4% on spot demand

Restricted supplies from producing regions also helped prices

Continuing its rising streak for the fourth straight day, crude palm oil prices were up by another 0.37% to Rs 466.50 per 10 kg in futures trade today owing to rising demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in March rose by Rs 1.70, or 0.37%, to Rs 466.50 per 10 kg, in a business turnover of 455 lots.

Also, the oil for delivery in February was trading higher by Rs 1.30, or 0.28%, to Rs 460.40 per 10 kg in 256 lots.

Marketmen said apart from good demand in the spot market, restricted supplies from producing regions and positive global cues kept crude palm oil prices firm at futures trade.