Crude palm oil prices were trading up by 0.29 per cent to Rs 491.80 per 10 kg in futures trade today as traders created fresh positions, driven by pick-up in demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in May edged up by Rs 1.40, or 0.29 per cent, to Rs 491.80 per 10 kg in a business turnover of 7 lots.
Similarly, the oil for delivery in April traded higher by Rs 1.10, or 0.21 per cent to Rs 513.70 per 10 kg in 68 lots.
Analysts said, fresh positions built up by participants due to pick-up in demand in the spot market against tight stocks position on restricted supplies from producing regions, mainly led to the rise in crude palm oil prices at futures trade.
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