Supported by pick up in domestic demand and firm global cues,crude palm oil prices were up by 0.22 per cent to Rs 490 per 10 kg in futures trade today as traders created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in March month traded higher by Rs 1.10, or 0.22 per cent to Rs 490 per 10 kg in business turnover of 220 lots.
Also, the oil for delivery in far-month April edged up by 50 paise, or 0.10 per cent to Rs 492.40 per 10 kg in 57 lots.
Market analysts said participants built up fresh positions due to pick up in demand in the spot market amid firming trend overseas mainly attributed the rise in crude palm oil prices at futures trade.
