 "Crude palm oil up by 0.3% on global cues")
Supported by a firming trend overseas, crude palm oil prices up by Rs 9 to Rs 498.50 per 10 kg in futures trade today.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 9, or 1.83%, to Rs 498.50 per 10 kg, with a business turnover of 530 lots.
Oil prices for July contract increased by Rs 1.50, or 0.32%, to Rs 497.60 per 10 kg with a volume of 94 lots.
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In Malaysia, palm oil gained as much as 1.40% to 2,245 ringgit ($691) a tonne on the Malaysia Derivatives Exchange.
Market analysts said fresh buying by traders, influenced by a firming global trend mainly helped crude palm oil prices to trade higher at futures trade.