Crude palm oil prices went up marginally by Rs 2.90 to Rs 523 per 10 kg, in futures trade today as speculators created fresh positions on the back of a rise in spot market demand.
On the Multi Commodity exchange, crude palm oil futures for delivery in June rose by Rs 2.90, or 0.55% to Rs 523 per 10 kg, with a business volume of 99 lots.
Similarly, the oil for delivery in July edged up by Rs 2.80, or 0.53% to Rs 523.30 per 10 kg, with a business turnover of 187 lots.
The oil for delivery in August went up by Rs 2.50, or 0.48% to Rs 522.40 per kg in 82 lots.
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.
Meanwhile on the Malaysia Derivatives Exchange, palm oil for delivery in August increased by 1.2% to 3,355 ringgit ($1,111) per tonne.
