Crude palm oil prices rose marginally by 2 to Rs 520.90 per 10 kg in futures trade today as speculators created fresh positions on the back of rising demand in the physical market amid low stocks.
On the Multi Commodity exchange, crude palm oil for delivery in May rose by Rs 2, or 0.39% to Rs 520.90 per 10 kg, with a business volume of 11 lots.
Crude palm oil for delivery in June moved up by Rs 1.70, or 0.33% to Rs 518 per 10 kg, with a business turnover of 49 lots.
Similarly, the oil for delivery in July edged up by Re one, or 0.19% to Rs 515.50 per 10 kg, with an open interest of a single lot.
Analysts said fresh buying by speculators on the back of pick-up in demand in the spot market mainly pushed up crude palm oil futures prices.
