Crude palm oil futures prices rose by Rs 1.20 at Rs 453.70 per 10 kg today, as speculators created fresh positions on expectations of a rise in demand in the spot market due to the ongoing festive season.
A firm trend in overseas market also influenced the crude palm oil futures prices.
At the Multi Commodity Exchange counter, crude palm oil for November delivery rose by Rs 1.20, or 0.26 per cent, to Rs 453.70 per 10 kg, with a trading volume of 66 lots.
Similarly, the oil for delivery in December moved up by Rs 1.10, or 0.24 per cent, to Rs 455 per 10 kg, with a business volume of 17 lots.
Anlysts said fresh buying by speculators on hopes of pick up in demand in the spot market, led to the rise in crude palm oil futures prices.