Crude palm oil prices were up by 0.68 per cent to Rs 458 per 10 kg in futures trade today largely in tandem with a firm trend at spot market on pick up in demand in view of festive season.
Besides, tight supplies in the physical market following restricted arrivals from the major producing belts also influenced crude palm oil prices at futures trade.
At the Multi Commodity Exchange, crude palm oil for September gained Rs 3.10, or 0.68 per cent to Rs 458 per 10 kg in business turnover of 100 lots.
Similarly, the oil for delivery in October was higher by Rs 2.30, or 0.49 per cent to Rs 472.40 per 10 kg in 9 lots.
Analysts said speculators built up fresh positions, taking positive cues from spot market on pick up in demand in the spot market, driven by the ongoing festive season, mainly led to the rise in crude palm oil prices at futures trade.
