Crude palm oil futures prices strengthened by Rs 3.60 to Rs 499.60 per 10 kg, as speculators enlarged their positions on the back of rising demand in spot markets.
At the Multi Commodity Exchange counter, crude palm oil for delivery in December rose by Rs 3.60, or 0.73 per cent to Rs 499.60 per 10 kg, with a trade volume of just one lot.
Similarly, the oil for delivery in November contract added Rs 2.70, or 0.55 per cent to Rs 495.50 per 10 kg, with a trade volume of just one lot.
Analysts said speculators enlarging their positions, supported by a rise in demand in the spot market, led to rise in crude palm oil futures prices.
tags - crude palm oil futures, MCX