Crude palm oil futures prices rose by Rs 3.60 to Rs 535.40 per 10 kg today as speculators enlarged their positions on the back of a firming trend in overseas markets.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by Rs 3.60, or 0.68%, to Rs 535.40 per 10 kg, with a business turnover of 172 lots.
Similarly, the June contract traded higher by Rs 2.80, or 0.53%, to Rs 534.00 per 10 kg, with a trade volume of 117 lots.
Analysts said besides firming trend in overseas markets, pick up in demand in the spot market mainly pushed up crude palm oil futures prices.
Meanwhile, palm oil for August-delivery rose 1.4% to $1,145 a tonne on the Malaysia Derivatives Exchange.
