Crude palm oil prices advanced by 0.45 per cent to Rs 620 per 10 kg in futures trade today as speculators raised bets amid a firm demand at the spot market.
Besides, a firming trend in overseas markets supported the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in this month's contract rose by Rs 2.80, or 0.45 per cent, to Rs 620 per 10 kg, in a business turnover of 87 lots.
Similarly, the oil for delivery in August went up by Rs 2.40, or 0.39 per cent, to Rs 604.80 per 10 kg, in 178 lots.
Analysts said, widening of positions by participants amid pick-up in demand at the spot market against tight stocks position on restricted supplies from producing regions keeping crude palm oil prices higher in futures trade.
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