Crude palm oil rose by Rs 1.60 to Rs 536.60 per 10 kg in futures trading today, as speculators created fresh positions on a rise in demand in spot markets, driven by the ongoing marriage season.
At the Multi Commodity Exchange counter, crude palm oil for January delivery gained Rs 1.60, or 0.30 per cent, to Rs 536.60 per 10 kg, with an open interest of just one lot.
The oil for delivery in December edged up by Re 1, or 0.19 per cent, to Rs 526 per 10 kg with a business turnover of just one lot.
Market analysts said fresh buying by speculators on the back of pick-up in demand in the spot market led to the rise in crude palm oil futures prices.