NEW DELHI, Jan 31: Crude palm oil prices gained 1.21 per cent to Rs 451.80 per 10 kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on pick up in demand, amid a higher global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in February gained Rs 5.40, or 1.21 per cent to Rs 451.80 per 10 kg in business turnover of 642 lots.
Similarly, the oil for delivery in January traded higher by Rs 1.20, or 0.27 per cent to Rs 438.40 per 10 kg in 153 lots.
Analysts said fresh positions created by speculators on the back of a firming trend at spot market on rising demand amid a higher global trend, mainly influenced crude palm oil prices in futures market.
Meanwhile, palm oil for delivery in April climbed 1.8 per cent to USD 825 a tonne on the Malaysia Derivatives Exchange, the highest since October 25. (PTI)
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