Crude palm oil futures prices rose by Rs 4.70 to Rs 491.90 per 10 kg today, as speculators enlarged their holdings on rising demand in the spot market.
A firm trend in overseas markets also influenced the crude palm oil futures prices.
At the Multi Commodity Exchange counter, crude palm oil for delivery in January rose by Rs 4.70, or 0.96 per cent, to Rs 491.90 per 10 kg, clocking a trade volume of just one lot.
Similarly, the oil for delivery in November contract gained Rs 3.80, or 0.79 per cent, to Rs 487.20 per 10 kg, with an open interest of just one lot.
Analysts said increased positions by speculators on rising demand in the spot market, pushed up crude palm oil prices at futures market here.
Meanwhile, palm oil futures for the January-delivery contract added 1.7 per cent to $1,077 a tonne on the Malaysia Derivatives Exchange.
