Taking positive cues from the global markets, crude palm oil prices traded higher by Rs 3.40 to Rs 423.30 per 10 kg in futures market today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 3.40, or 0.81%, to Rs 423.30 per 10 kg, with a business turnover of 813 lots.
The October contract moved up by Rs 3.20, or 0.67%, to Rs 417.70 per 10 kg in 488 lots.
Marketmen said a firming trend overseas after China, the world's largest consumer of cooking oils, showed signs of recovery as industrial production and retail sales accelerated in September influenced crude palm oil prices at futures trade.
Meanwhile, palm oil for the contract for January delivery jumped 1.5% to $827 a tonne on the Malaysia Derivatives Exchange.
