Crude palm oil futures prices rose by Rs 1.50, or 0.42 per cent, to Rs 359.50 today, as speculators created fresh positions on expectations of rise in demand in the spot market due to marriage season.
At the Multi Commodity Exchange platform, crude palm oil for September contract rose by Rs 1.50, or 0.42 per cent, to Rs 359.50 per 10 kg, with a trading volume of 24 lots, while August contract gained by Rs 1.30, or 0.36 per cent, to Rs 362.30 per 10 kg, with a business volume of 101 lots.
The oil for current-month July delivery went up by 70 paise, or 0.19 per cent, to Rs 365.40 per 10 kg, with an open interest of 47 lots.
Analysts said fresh buying by speculators on hopes of pick up in demand in the spot market due to marriage season mainly led to a rise in crude palm oil at futures market.
