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Crude palm oil prices rose by 0.39% to Rs 566.60 per 10 kg in futures market today as speculators created fresh positions supported by pick up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 2.20, or 0.39% to Rs 566.60 per 10 kg in business turnover of 43 lots.
In a similar fashion, the oil for delivery in April edged up by Rs 2, or 0.35% to Rs 568.50 per 10 kg in 12 lots.
Analysts attributed the rise in crude palm oil prices at futures trade to fresh positions built-up by speculators after demand picked up in the spot market.
