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Crude palm oil prices rose by 0.18% to Rs 492 per 10 kg in futures trade today as speculators created fresh position supported by rising demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July rose by 90 paise, or 0.18%, to Rs 492 per 10 kg in business turnover of 138 lots.
Similarly, the oil for delivery in August traded higher by 70 paise, or 0.14%, to Rs 483.70 per 10 kg in 483 lots.
Market analysts said fresh positions created by speculators following an improvement in demand in the spot market mainly helped crude palm oil prices to rise at futures trade.
