Crude palm oil prices went up by 0.32 per cent to Rs 657.10 per 10 kg in futures trade today as speculators built up fresh positions amid uptick in demand at the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in June rose by Rs 2.10, or 0.32 per cent, to Rs 657.10 per 10 kg in business turnover of 55 lots.
Similarly, the oil for delivery in May contracts was trading higher by Rs 1.80, or 0.28 per cent, to Rs 655.10 per 10 kg in 33 lots.
Analysts said fresh positions created by participants after an upsurge in demand in the physical markets against tight stocks position on restricted supplies from producing regions attributed to the rise in crude palm oil prices in futures trade.
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