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Crude palm oil prices rose 0.24% to Rs 462.60 per 10 kg in futures trading today as speculators went about creating fresh positions, taking positive cues from spot market on demand pick-up.
Also, restricted supplies from major producing regions in the physical market supported the upside.
At Multi Commodity Exchange, crude palm oil for delivery in June rose by Rs 1.10, or 0.24%, to Rs 462.60 per 10 kg in business turnover of 91 lots.
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Similarly, the oil for delivery in July contracts traded higher by a similar margin to Rs 462.90 per 10 kg in 19 lots.
Analysts said speculators building up fresh positions on the back of a rise in demand in the spot market mainly influenced crude palm oil prices in futures trade.
