Crude palm oil prices rose by Rs 1.60, or 0.34%, to Rs 478.40 per 10 kg in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market.
A firming trend in overseas market also influenced crude palm oil prices.
The trading sentiment turned better after palm oil climbed in global markets as commodities rebounded after German lawmakers approved an expanded European bailout fund.
Meanwhile, December crude palm oil advanced by 1% to $917 per metric tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 1.60, or 0.34%, to Rs 478.40 per 10 kg, with a business turnover of 17 lots.
Similarly, the oil for delivery in October edged up by 90 paise, or 0.19%, to Rs 479.50 per 10 kg in 37 lots.
