NEW DELHI – Amid rising domestic demand, crude palm oil (CPO) prices rose by 0.49 percent to Rs431.30 per 10kg in futures trade on Tuesday (23/12/2014) as speculators enlarged positions.
At the Multi Commodity Exchange, cited from ET Market, crude palm oil for delivery in January moved up by Rs 2.10, or 0.49 percent, to Rs 431.30 per 10kg in business turnover of 35 lots.
In a similar fashion, the oil for delivery in December edged up by Rs 1.60, or 0.38 percent to Rs 420.50 per 10kg in 25 lots.
Analysts said speculators enlarged positions on the back of rising demand in the spot market mainly kept crude palm oil prices higher in futures trade. (T4)
