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Crude palm oil prices rose marginally by Rs 1.70 to Rs 498.40 per 10 kg in futures trade today as speculators created fresh positions, supported by a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 1.70, or 0.34%, to Rs 498.40 per 10 kg in business turnover of 250 lots.
Similarly, the oil for delivery in July edged up by 30 paise, or 0.06%, to Rs 502.50 per 10 kg in 57 lots.
Analysts said fresh positions created by speculators after an improvement in demand in the spot market, helped crude palm oil prices to trade a shade higher at futures trade.
