Crude palm oil prices edged higher by 3.80 to Rs 516 per 10 kg in futures trade today as speculators created fresh positions on the back of rise in spot market demand.
On the Multi Commodity exchange, crude palm oil for delivery in May rose by Rs 3.80, or 0.74% to Rs 516 per 10 kg, with a business volume of 12 lots.
The oil prices for delivery in July moved up by Rs 3.80, or 0.74% to Rs 510.80 per 10 kg, with an open interest of six lots.
Similarly, the oil for delivery in June edged up by Rs 3.30, or 0.64% to Rs 512.80 per 10 kg, with a business turnover of 24 lots.
Analysts said fresh buying by speculators on the back of pick-up in demand in the spot market mainly influenced crude palm oil futures prices.