Crude palm oil traded higher by Rs 6, or 1.67 per cent, at Rs 365 per 10 kg in futures trade today, as speculators enlarged their positions on rising demand at the physical market.
At the Multi Commodity Exchange, crude palm oil for September inched up by Rs 6, or 1.67 per cent, to Rs 365 per 10 kg, with an open interest of seven lots.
Similarly, the oil for delivery in current-month June contract gained Rs 3.10, or 0.85 per cent, to Rs 368 per 10 kg, with a business volume of 825 lots.
Analysts said increased positions created by speculators, driven by rising demand in the spot market led to a rise in crude palm oil prices at futures market here.
