Crude palm oil prices rose by Rs 3.40 to Rs 624 per 10 kg in futures trade today as speculators created fresh positions, supported by a rising demand at spot markets.
A firming trend in the overseas markets also influenced crude palm oil prices at futures trade.
On the Multi Commodity Exchange, the April contract rose by Rs 3.40, or 0.54%, to Rs 624 per 10 kg, with a trading volume of 176 lots.
The May contract rose by Rs 3.30, or 0.52%, to Rs 629.10 per 10 kg, with a business turnover of 406 lots.
Analysts said the increase in crude palm oil prices was supported by a rising spot market demand and a firming trend in overseas markets.
In Malaysia, palm oil climbed as much as 0.5% to $1,179 a tonne.
