Crude palm oil futures prices extended gains for the fourth straight day by adding Rs 5.40 to Rs 494 per 10 kg today due to sustained buying by traders on rising demand in the spot market.
A firm trend in global markets also influenced the trading sentiment.
At the Multi Commodity Exchange counter, crude palm oil for delivery in January rose by Rs 5.40, or 1.11 per cent to Rs 494 per 10 kg, clocking an open interest of just one lot.
Similarly, the oil for delivery in November moved up by Rs 4.10, or 0.84 per cent to Rs 491.50 per 10 kg, with a business turnover of just two lots.
Traders said rising demand in the spot market due to the ongoing marriage season, amid a firm global trend pushed up crude palm oil futures prices.
Meanwhile, palm oil futures for February delivery jumped 2.9 per cent to $1,041 a tonne on the Malaysia Derivatives Exchange.
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