20/01/2012 (Expressindia.com) - Crude palm oil traded marginally higher by 0.13 per cent to Rs 523 per 10 kg in futures trade today due to pick up in demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in January month traded marginally higher by 70 paise, or 0.13 per cent to Rs 523 per 10 kg in business turnover of 37 lots.

Likewise, the oil for delivery in February contract inched up by 60 paise, or 0.11 per cent to Rs 524.90 per 10 kg in 522 lots.

Analysts said fresh buying by speculators supported by pick up in demand in the spot market in view of marriage season mainly helped crude palm oil futures to trade higher.