Crude palm oil futures gained 0.64 per cent to Rs 496.70 per 10 kg in futures trading today as participants created fresh positions, driven by pick-up in demand at the spot market.
Besides, restricted supplies from producing belts fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for March delivery rose by Rs 3.20, or 0.64 per cent, to Rs 496.70 per 10 kg, in a business turnover of 154 lots.
Also, the oil for delivery in February was up by Rs 2.70, or 0.55 per cent, to Rs 488 per 10 kg in 56 lots.
Analysts said speculative positions built up by participants following pick-up in spot demand mainly led to the rise in crude palm oil prices at futures trade.
