03/01/2013 (Economic Times) - Crude palm oil gained for the third day by adding Rs 5.60 to Rs 456.40 per 10 kg in futures market today due to rising demand in the spot market.

At the Multi Commodity Exchange, crude palm oil for delivery in February gained Rs 5.60, or 1.24 per cent to Rs 456.40 per 10 kg in business turnover of 1451 lots.

Likewise, the oil for delivery in January edged higher by Rs 4.40, or 0.99 per cent to Rs 447.60 per 10 kg in 1127 lots.

Market experts attributed the continued rise in crude palm oil futures to rising demand in the spot market.