Crude palm oil futures prices rose by Rs 2.10 to Rs 568.50 per 10 kg today as speculators created fresh positions on the back of a rise in spot demand and firming trend overseas.
At the Multi Commodity Exchange crude palm oil for September rose by Rs 2.10, or 0.37%, to Rs 568.50 per 10 kg, with a trading volume of 587 lots.
The August contract moved up by Rs 1.90, or 0.33%, to Rs 566.10 per 10 kg, with a business volume of 218 lots.
Marketmen said increased positions created by participants following a pick up in spot demand and firming trend in the global markets influenced crude palm oil futures prices.
Meanwhile, palm oil for delivery in November advanced by 1.2% to $1,000 per tonne on the Malaysia Derivatives Exchange.
