Rising for the second straight day, crude palm oil prices advanced by 0.26 per cent to Rs 427.50 per 10 kg in futures trade today as participants engaged in enlarging their positions, taking positive cues from spot market on uptick in demand.
At the Multi Commodity Exchange, crude palm oil for delivery in far-month February advanced by Rs 1.10, or 0.26 per cent, to Rs 427.50 per 10 kg, in a business turnover of 26 lots.
Similarly, oil for delivery in January edged up by 60 paise, or 0.14 per cent, to Rs 419.60 per 10 kg in 55 lots.
Marketmen said increasing positions by traders on the back of rising demand in the spot market against restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade.
