Tracking a firm global trend, crude palm oil prices traded marginally higher by Rs 1.80 to Rs 551.50 per 10 kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 1.80, or 0.33%, to Rs 551.50 per 10 kg in a business turnover of 967 lots.
The September contract traded higher by Rs 1.70, or 0.31%, to Rs 548.30 per 10 kg in 1,096 lots.
Market analysts said fresh buying by speculators on the back of a rise in demand in the spot market amid firm global trend led to rise in crude palm oil futures.
Meanwhile, palm Oil gained 0.9% to 2,889 Ringgit a tonne on the Malaysian Derivatives Exchange.