Tracking a firm global trend, crude palm oil prices were up by 0.80 per cent to Rs 525 per 10 kg in futures trade today on pick-up in demand in the spot market against restricted supplies.
At the Multi Commodity Exchange, crude palm oil for delivery in December month rose by Rs 4.50, or 0.80 per cent, to Rs 525 per 10 kg in business turnover of 748 lots.
Similarly, the oil for delivery this month contracts traded higher by Rs 3.70, or 0.71 per cent, to Rs 524.70 per 10 kg in 748 lots.
Analysts said the rise in crude palm oil prices was mostly attributed to building-up of positions by speculators, driven by a firming trend in the global market.
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