NEW DELHI: Crude palm oil futures prices extended gains by adding 1.16 per cent on Friday on pick up in demand in spot markets following festival and marriage season.
Firming trend in overseas market also supported the uptrend.
At the MCX counter, crude palm oil for December contract shot up by 1.16 per cent to Rs 315 per 10 kg with business turnover in 3 lots. It had gained 0.51 per cent on Thursday trading.
Similarly, crude oil for delivery in November contract moved up by 1.06 per cent to Rs 314.40 per 10 kg with business turnover in 101 lots.
Marketmen said besides firming global trend, pick up in demand in spot markets in view of festival and marriage season mainly pushed up crude palm oil prices at the domestic futures market.
Meanwhile, palm oil futures for delivery in December climbed 2 per cent to 639 a tonne on the Malaysia Derivatives Exchange.
