Crude palm oil prices rose by Rs 1.80 to Rs 528.20 per 10 kg in futures trading today as speculators enlarged their positions on the back of a firming trend in overseas market.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 1.80, or 0.34% to Rs 528.20 per 10 kg, with a business turnover of eight lots.
The June contract traded higher by paise 30, or 0.06% to Rs 527 per 10 kg in 53 lots.
Analysts said besides a firming trend in overseas markets, pick-up in spot market demand also attributed to the rise in crude palm oil futures prices.
Meanwhile, palm oil for August-delivery advanced 0.4% to $1,115 a metric tonne on the Malaysia Derivatives Exchange.
