Crude palm oil prices traded marginally higher by Rs 1.10 to Rs 562 per 10 kg in futures trade today, as speculators enlarged their positions on pick up in demand in the spot market.
On the Multi Commodity Exchange, crude palm oil for delivery in February traded higher by Rs 1.10, or 0.20 per cent to Rs 562 per 10 kg, with a business volume of single lot.
Likewise, the oil for delivery in January contract edged up by paise 80, or 0.14 per cent to Rs 553.50 per 10 kg, with a business turnover of two lots.
Market analysts said increased buying by speculators on pick-up in demand in the spot market led to the rise in crude palm oil at futures market.
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