Crude palm oil prices moved up marginally by Rs 1.50 to Rs 486.50 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 for delivery in August rose by Rs 1.50, or 0.30%, to Rs 486.50 per 10 kg, with a business turnover of 250 lots.
The oil for delivery in July gained Rs 1.40, or 0.28%, to Rs 486.20 per 10 kg, with an open interest of 379 lots.
Similarly, the oil for delivery in June edged up by 80 paise, or 0.16%, to Rs 486.10 per 10 kg in 45 lots.
Analysts said fresh buying by speculators on the back of pick-up in spot market demand mainly pushed up crude palm oil futures prices.
