Crude palm oil prices rose by Rs 4 to Rs 518.80 per 10 kg in futures trade today as speculators created fresh positions on the back of a rise in spot demand.
On the Multi Commodity exchange, crude palm oil for delivery in May moved up by Rs 4, or 0.77% to Rs 518.80 per 10 kg, with a business volume of 56 lots.
Crude palm oil futures prices for delivery in June gained Rs 3.60, or 0.77% to Rs 516.50 per 10 kg, with a business turnover of 13 lots.
Similarly, the oil for delivery in April edged up by Rs 2.60, or 0.50% to Rs 521.90 per 10 kg, with a business turnover of 54 lots.
Analysts said fresh buying by speculators on the back of pick-up in demand in the spot market mainly pushed up crude palm oil futures prices.
