12 Jul, 2008 (The Economic Times), New Delhi - Crude palm oil prices gained Rs 20 a quintal in the national capital on fresh buying by stockists influenced by firm global trend.

In the edible section, crude palm oil (ex-kandla) rose by Rs 20 to Rs 5,100 on fresh buying.

Traders said increased buying by stockists in line with firming global trend mainly pushed up crude palm oil prices.

A firming trend in Malaysian markets pushed up palm oil in global markets near to record levels. The oil, which normally used for cooking, often used to produce bio-fuel and a record rise in crude oil boosted its demand.