Crude palm oil prices rose by Rs 4.50 to Rs 632.50 per 10 kg in futures trade today as speculators created fresh positions, supported by a rising demand at spot markets.
In addition, a firm trend in the overseas markets also influenced crude palm oil prices at futures trade.
On the Multi Commodity Exchange, the May delivery rose by Rs 4.50, or 0.71%, to Rs 632.50 per 10 kg, with a trading volume of 297 lots.
The April delivery rose by Rs 4.20, or 0.67%, to Rs 625.50 per 10 kg, with a business turnover of 121 lots.
Analysts said the increase in crude palm oil prices was supported by a rising spot market demand and a firm trend in overseas markets.
Meanwhile, in Malaysia, palm oil climbed as much as 0.7% to $1,172 a tonne.
