Crude palm oil prices traded higher by 0.84 per cent at Rs 530.50 per 10 kg in futures trade today amid pick up in domestic demand against restricted supplies from producing belts.
At the Multi Commodity Exchange, crude palm oil for delivery in December month rose by Rs 4.40, or 0.84 per cent to Rs 530.50 per 10 kg in business turnover of 268 lots.
Similarly, the oil for delivery in November contracts edged up by Rs 4.10, or 0.78 per cent to Rs 527.30 per 10 kg in 172 lots.
Analysts attributed rise in crude palm oil prices at futures trade to fresh positions built up by participants following pick-up in demand in the spot market against tight stocks position on fall in supplies from growing regions.
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