Crude palm oil prices rose further by 0.80 per cent to Rs 565 per 10 kg in futures market today as traders enlarged positions, tracking a firm trend at spot market on rising demand.
Besides, tight stocks position on restricted supplies from producing regions fulled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in April month rose Rs 4.50, or 0.80 per cent to Rs 565 per 10 kg in business turnover of 179 lots.
Likewise, the oil for delivery in far-month May traded higher by Rs 3.90, or 0.69 per cent to Rs 566 per 10 kg in 101 lots.
Analysts said building-up of positions by participants on the back of surging demand in the spot market against restricted supplies from producing belts mainly kept crude palm oil prices higher at futures trade.
