Crude palm oil futures gain 0.47 pc on spot demand

NEW DELHI, Mar 26: Crude palm oil prices gained 0.47 per cent to Rs 581.50 per 10 kg in futures market today as speculators created fresh positions after pick-up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in April rose by Rs 2.70, or 0.47 per cent to Rs 581.50 per 10 kg in business turnover of 251 lots.
Likewise, the oil for delivery in March gained Rs 2.30, or 0.40 per cent to Rs 580.50 per 10 kg in 17 lots.
Analysts said speculators created fresh positions after pick up in demand in the spot market mainly led to rise in crude palm oil prices at futures trade. (AGENCIES)