Crude palm oil futures traded marginally higher by Rs 5.30, or 1.23 per cent, to Rs 434.50 per 10 kg today, as speculators indulged in creating fresh positions on expectations of a rise in spot market demand.
At the Multi Commodity Exchange platform, crude palm oil for delivery in November rose by Rs 5.30, or 1.23 per cent, to Rs 434.50 per 10 kg, with trading volume of 184 lots, while December month contract gained by Rs 5, or 1.16 per cent, to Rs 434 per 10 kg, clocking in an open interest of 12 lots.
Similarly, the oil for delivery in October month moved up by Rs 4.90, or 1.14 per cent, to Rs 434 per 10 kg, with business volume of 12 lots.
Analysts said fresh buying by speculators on anticipation of pick up in spot market demand, led to a rise in crude palm oil futures prices.
