Supported by a rise in demand in the spot market, crude palm oil futures rose by Rs 4.50 to Rs 541.10 per 10 kg today.
A firming trend in global markets also influenced the crude palm oil futures prices.
At the Multi Commodity Exchange, the December crude palm oil rose by Rs 4.50, or 0.84% to Rs 541.10 per 10 kg, with a business turnover of just two lots.
Similarly, the oil for delivery in January gained Rs 3.50, or 0.65%, to Rs 544.60 per 10 kg, with a trade volume of 72 lots.
Market analysts said fresh positions built up by traders, driven by pick-up in demand in the spot market and a firming global trend mainly pushed up crude palm oil prices at futures trade.
Meanwhile, palm oil for March delivery advanced 1.5% to $1,011 per tonne on the Malaysia Derivatives Exchange, the highest since November 22.
