Crude palm oil prices rose by Rs 1.20 to Rs 566.10 per 10 kg in futures trade today as speculators created fresh positions, driven by a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July advanced by Rs 1.20, or 0.21%, to Rs 566.10 per 10 kg in business turnover of 146 lots.
The August contract traded higher by Rs 1.10, or 0.19%, to Rs 570.20 per 10 kg in 92 lots.
Analysts said fresh buying by speculators due to pick-up in spot market demand mainly helped crude palm oil futures to trade marginally higher.
