Crude palm oil futures prices rose by Rs 10.60 to Rs 551.90 per 10 kg today as speculators created fresh positions on expectations of a rise in spot demand.
A firm trend in overseas markets influenced crude palm oil prices in the futures market.
At the Multi Commodity Exchange, crude palm oil for October rose by Rs 10.60, or 1.95%, to Rs 551.90 per 10 kg, with a trading volume of 513 lots.
The September contract moved up by Rs 10.10, or 1.87%, to Rs 548.40 per 10 kg, with a business volume of 507 lots.
Marketmen said fresh buying by speculators on hopes of a pick up in spot demand led to the rise in crude palm oil futures prices.
A firm global trend influenced the market sentiment, they added.