IND: Crude palm oil futures up on fresh buying, global cues
New Delhi, Oct 12 Crude palm oil futures prices traded 0.29 per cent higher today on fresh buying by traders supported by festival and marriage season demand.
Crude palm oil for current October contract gained 0.29 per cent to Rs 310.70 per 10 kg with a business turnover in 193 lots.
Crude oil for delivery in November contract also inched up by 0.13 per cent to Rs 310.60 per 10 kg with business turnover in 150 lots.
Marketmen said fresh buying by traders due to pick up in demand in view of festival and marriage season mainly pushed up crude palm oil prices at futures market.
Meanwhile, December-delivery palm oil gained 2.3 per cent 626 dollar a ton on the Malaysia Derivatives Exchange.