Palm Oil Up 0.2% On Spot Demand

Crude palm oil futures prices were up by 0.28% at Rs 425 in futures trade today as traders created fresh positions amidst pick up in spot demand.

Furthermore, restricted stocks in physical market on fall in supplies from the major producing belts also supported the upside, traders said.

At the Multi Commodity Exchange, crude palm oil for January rose by Rs 1.20, or 0.28%, to Rs 425 per 10 kg on a trading volume of 54 lots.

Similarly, the oil for delivery in December went up by 0.90 paise, or 0.21%, to Rs 419 per 10 kg, with a business volume of 83 lots.

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