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Crude palm oil rose further by Rs 2.10 to Rs 544.10 per 10 kg in futures trade today as speculators indulged in expanding positions amid strong demand in the spot market.
The sentiment improved after the supplies from the overseas market reduced against strong demand also influenced prices, traders said.
At the Multi Commodity Exchange, crude palm oil for delivery in November rose by Rs 2.10, or 0.38%, to Rs 544.10 per 10 kg, with a business turnover of 270 lots.
The oil for October delivery increased by Rs 1.10, or 0.20%, to Rs 547 per 10 kg, with trading volume of 17 lots.
In Malaysia, the contract for delivery in January advanced 0.70% to 2,460 ringgit ($785) a metric ton on the Bursa Malaysia Derivatives Exchange.
