Tracking a firm global trend and better domestic demand, crude palm oil prices moved up by Rs 1.80 to Rs 480.50 per 10 kg in futures trade today on fresh speculative buying.
At the Multi Commodity Exchange, June contract for crude palm oil moved up by Rs 1.80, or 0.38%, to Rs 480.50, with a business turnover of 13 lots.
Similarly, the July contract for oiltraded marginally higher by 60 paise, or 0.12%, to Rs 483.50, with an open interest of 179 lots.
Traders said besides a firm global trend, better demand in the spot market also led to the rise in crude palm oil futures prices.
Meanwhile, palm oil for the September-delivery gained 0.7% to $1,037 a tonne on the Malaysia Derivatives Exchange.