23/02/2011 (Business Times) - Crude palm oil futures prices rose further by adding 0.16 per cent to Rs 564.20 per 10 kg today on sustained buying by traders on the back of firm global trends.

At the Multi Commodity Exchange, crude palm oil for April contract added another 90 paise, or 0.16 per cent, to Rs 564.20 per 10 kg, with a trade volume of just one lot.

Likewise, the oil for delivery in February contract traded marginally higher by 10 paise, or 0.02 per cent, to Rs 563.20 per 10 kg, with a trade volume of just one lot.

Market analysts said besides firm trends in global markets, sustained buying by traders mainly led to the rise in crude palm oil futures prices.

Meanwhile, crude palm oil advanced 0.7 per cent a tonne on the Malaysia Derivatives Exchange.