Crude palm oil prices were up by 0.22 per cent to Rs 417.50 per 10 kg in futures trade today as traders created speculative positions, taking positive cues from spot market on pick-up in demand.
Tight stock position in the physical market on restricted supplies from producing belts supported the upside.
At the Multi Commodity Exchange, crude palm oil for delivery in November month edged up by 90 paise, or 0.22 per cent, to Rs 417.50 per kg in a business turnover of 128 lots.
Likewise, oil for delivery in October contracts traded higher by 80 paise, or 0.19 per cent, to Rs 413.60 per 10 kg in 131 lots.
Analysts said speculative positions built up by participants driven by rising demand in the spot market mainly led to rise in crude palm oil prices in futures trade.
