Crude palm oil futures trade higher on MCX

Crude palm oil futures edged marginally higher on MCX as speculators created fresh positions driven by pick-up in demand in spot markets. Further, gains in overseas palm oil markets due to higher exports too supported crude palm oil prices uptrend. The contract for May delivery was trading at Rs 538.00, up by 0.04% or Rs 0.20 from its previous closing of Rs 537.80. The open interest of the contract stood at 2051 lots. The contract for June delivery was trading at Rs 534.50, up by 0.09% or Rs 0.50 from its previous closing of Rs 534.00. The open interest of the contract stood at 3200 lots on MCX.