Crude palm oil remains up on demand expectations

At the MCX counter,crude palm oil for December month contract rose 0.68 per cent to Rs 341.90 per 10 kg with a trading volume of 101 lots,while January month contract gained 0.58 per cent to Rs 344.40 per 10 kg in a business turnover of 51 lots.

Similarly,the oil for delivery in current month contract moved up 0.45 per cent to Rs 338.20 per 10 kg with a business volume of 42 lots.

Analysts said fresh buying by speculators on hopes of a pick up in demand in the spot market led to the rise in crude palm oil at the futures market.