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Crude palm oil prices rose by 0.42% to Rs 426.50 per 10 kg in futures trading today as speculators indulged in creating fresh positions, supported by rising demand in the spot market amid a firming trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in January 2015 rose by Rs 1.80, or 0.42%, to Rs 426.50 per 10 kg in business turnover of 182 lots.
Likewise, the oil for delivery in December was up by Rs 1.40, or 0.33%, to Rs 416.80 per 10 kg in 76 lots.
Analysts said fresh positions created by speculators, driven by pick-up in demand in the spot market and a firming trend in the global markets, mainly led to rise in crude palm oil prices at futures trade.
