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Amid rising domestic demand and a firm global trend, crude palm oil gained 1.06% to Rs 512.60 per 10 kg in futures trade today as speculators enlarged positions.
At the Multi Commodity Exchange, crude palm oil for delivery in July gained Rs 5.40, or 1.06%, to Rs 512.60 per 10 kg in business turnover of 287 lots.
Similarly, crude palm oil for delivery in the June contract moved up by Rs 5.10, or 1.01%, to Rs 510.40 per 10 kg in 168 lots.
Analysts attributed the rise in crude palm oil futures to pick-up in demand in the spot market and firming global trend as exports from Malaysia, the world's second-largest producer, increased ahead of the Muslim fasting month of 'Ramadan'.
Meanwhile, palm oil for September delivery gained 0.7% to $778 a metric tonne on the Bursa Malaysia Derivatives.
