Crude palm oil prices moved up by 0.53 per cent to Rs 494.70 per 10 kg in futures trade today as traders created fresh positions, driven by pick-up in demand at the spot market.
In futures trading at the Multi Commodity Exchange, crude palm oil for delivery in May went up by Rs 2.60, or 0.53 per cent to Rs 494.70 per 10 kg in business turnover of 73 lots.
Similarly, the oil for delivery in April contracts edged up by Rs 2.40, or 0.46 per cent to Rs 519.50 per 10 kg in 146 lots.
Analysts said fresh positions built up by participants following upsurge in demand in the spot market against restricted supplies from producing regions, mainly led to the rise in crude palm oil prices at futures trade.
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