Crude palm oil prices went up by Rs 3.40 to Rs 527.90 per 10 kg in futures trade today as speculators enlarged their positions on the back of firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in June rose by Rs 3.40, or 0.65% to Rs 527.90 per 10 kg, with a business turnover of four lots.
Likewise, the oil for delivery in May edged up by Rs 2.80, or 0.53% to Rs 528 per 10 kg in nine lots.
Analysts said speculators increased their positions on rising demand in the spot market amid a firming trend in the global markets, which led to rise in crude palm oil futures prices.
Meanwhile, palm oil for the August-delivery increased 1.7% to $1,108 per metric tonne on the Malaysia Derivatives Exchange, the highest level since April 25.