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Crude palm oil prices traded a shade higher at Rs 548.10 per 10 kg in futures market today as speculators indulged in creating fresh positions after pick up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in January moved up by 90 paise, or 0.16%, to Rs 548.10 per 10 kg in business turnover of 81 lots.
Similarly, the oil for delivery in December edged up by 40 paise, or 0.07%, to Rs 541.30 per 10 kg in 61 lots.
Analysts said speculators creating fresh positions after pick up in demand in the spot market mainly helped crude palm oil prices to trade marginally higher at futures trade.
