Crude palm oil rose by Rs 2.80 to Rs 420 per 10 kg in futures trade today on pick-up in spot markets demand amid firm Asian trend.
At the Multi Commodity Exchange, December crude palm oil rose by Rs 2.80, or 0.67%, to Rs 420 per 10 kg with a trading volume of 453 lots.
The January delivery rose by Rs 2.70, or 0.63%, to Rs 425.40 per 10 kg, with a business volume of 280 lots.
Analysts said apart from a firming trend overseas, pick- up in the spot demand mainly helped crude palm oil futures prices.
Meanwhile, palm oil gained 1.30% to $759 a tonne on the Malaysia Derivatives Exchange.