Crude palm oil futures prices marginally gained by Rs 1.60 to Rs 556 per 10 kg today, as speculators created fresh positions on expectations of a rise in the spot demand.
Firming trends in overseas markets also influenced the crude palm oil prices at futures market.
On the Multi Commodity exchange counter, crude palm oil for delivery in February rose by Rs 1.60, or 0.29 per cent, to Rs 556 per kg, with trading volume of 23 lots.
Similarly, the oil for delivery in January moved up by Rs 1.10, or 0.19 per cent, to Rs 551.10 per 10 kg, in business volume of 65 lots, while delivery in December inched up by 50 paise, or 0.09 per cent, to Rs 542.50 per 10 kg.
Market analysts said fresh buying by speculators on hopes of pick up in demand in the spot market, mainly led to the rise in crude palm oil prices.
