Buoyed by a firming trend in global markets, crude palm oil futures prices rose by Rs 2 to Rs 475.40 per 10 kg today as speculators created fresh positions.
A better trend at spot market on pick-up in demand further fueled the uptrend.
At the Multi Commodity Exchange, crude palm oil for August delivery rose by Rs 2 to Rs 475.40 per 10 kg, with a business turnover of 36 lots.
Similarly, the oil for July delivery gained Rs 1.80, or 0.38%, to Rs 476 per 10 kg, with a trade volume of nine lots.
Analysts said apart from firming trend overseas, pick up in demand at the spot market also supported the upside in crude palm oil at futures market.
Meanwhile, palm oil for September delivery climbed 0.8% to $1,033 per tonne on the Malaysia Derivatives Exchange.
