Crude palm oil futures prices gained Rs 8.60 to Rs 449.10 per 10 kg in today, as speculators enlarged their positions on expectations of a rise in demand in the spot market during festival and marriage season.
At the Multi Commodity Exchange counter, crude palm oil for delivery in November gained Rs 8.60, or 1.95 per cent, to Rs 449.10 per 10 kg, with a business turnover of just one lot.
Similarly, the oil for October delivery edged up Rs 7.90, or 1.79 per cent, to Rs 449.00 per 10 kg, clocking a trade volume of just one lot.
Traders said fresh buying by speculators on hopes of pick up in demand in spot markets during festival and marriage season, mainly led to a rise in crude palm oil futures prices.