NEW DELHI, Jan 16: Crude palm oil extended gains for the second day with prices rising 0.33 per cent 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 per cent 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 per cent 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. (AGENCIES)
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