Crude palm oil moved up by Rs 3.20 to Rs 491.50 per 10 kg in futures trading today as speculators enlarged their positions amid a firming global trend.
The trading sentiment was bolstered as palm oil advanced in global markets.
Meanwhile, November contract gained 0.9% to $1,025 per metric tonne on the Malaysia Derivatives Exchange.
At the Multi Commodity Exchange, November contract moved up by Rs 3.20, or 0.66%, to Rs 491.50 per 10 kg with a business turnover of 27 lots.
August crude palm oil gained Rs 2, or 0.40%, to Rs 496.80 per 10 kg in 12 lots.
Market analysts said apart from a firming trend in overseas markets, a pick-up in spot market demand supported by the ongoing festive season pushed up crude palm oil futures prices.
