Crude palm oil prices rose by 3.10 to Rs 520.70 per 10 kg in futures trading today tracking a firming global trend.
At the Multi Commodity Exchange, crude palm oil for March delivery rose by Rs 3.10, or 0.60 per cent, to Rs 520.70 per 10 kg, with an open interest of two lots.
Similarly, the oil for delivery in March gained Rs 2.10, or 0.41 per cent, to Rs 520 per 10 kg, with a business turnover of a single lot.
Market analysts said fresh positions created by speculators on the back of pick-up in spot demand in tandem with a firming trend overseas, mainly led to rise in crude palm oil futures prices.
Meanwhile, palm oil futures for June-delivery contract gained 1.8 per cent to $1,111 a metric tonne in Kuala Lumpur.
