Crude palm oil traded higher by Rs 1.50 to Rs 526.70 per 10 kg in futures trade today, as speculators created fresh positions on a rising demand in spot markets, driven by the ongoing marriage season.
At the Multi Commodity Exchange counter, crude palm oil for January-month traded higher by Rs 1.50, or 0.34 per cent to Rs 526.70 per 10 kg, with an open interest of single lot.
Likewise, the oil for delivery in December edged up by Rs 1.50, or 0.29 per cent to Rs 523.80 per 10 kg, with a business volume of five lots.
Analysts said rising demand in spot markets, triggered by the ongoing marriage season, influenced crude palm oil prices at futures market here.
