NEW DELHI, June 8: Supported by rising spot demand, crude palm oil rose Rs 2.20 to Rs 464.90 per 10 kg in futures trade today as speculators enlarged their bets.
Besides, a firming trend overseas supported the upside.
At Multi Commodity Exchange, crude palm oil for delivery in June was trading higher by Rs 2.20, or 0.47 per cent, at Rs 464.90 per 10 kg with a trading volume of 347 lots.
Likewise, the oil for delivery in July rose Rs 1.30, or 0.28 per cent, to Rs 465.20 per 10 kg, with a business volume of 81 lots.
Analysts said speculators creating fresh positions driven by pick-up in demand in the spot market mainly led to rise in crude palm oil prices in futures trade. (PTI)
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