Crude palm oil prices rose by Rs 5.10 to Rs 535.70 per 10 kg in futures market today after speculators built up positions on the back of pick up in demand in the spot market amid a firming global trend.
At the MCX, crude palm oil for delivery in July, rose by Rs 5.10, or 0.96%, to Rs 535.70 per 10 kg, with a business turnover of 420 lots.
The June contract traded higher by Rs 4.50, or 0.85%, to Rs 535.50 per 10 kg, with a business turnover of 142 lots.
Analysts said apart from a firming trend overseas, pick up in domestic demand mainly led to a rise in crude palm oil prices at futures trade.
Meanwhile, palm oil for delivery in August gained one per cent on the Malaysia Derivatives Exchange.
