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Crude palm oil prices rose marginally by Rs 2.40 to Rs 509.50 per 10 kg in futures trade today as participants created fresh positions on rising spot demand.
On the Multi Commodity Exchange, crude palm oil for August delivery rose by Rs 2.40, or 0.47%, to Rs 509.50 per kg, with a trading volume of 54 lots.
Similarly, the oil for delivery in September moved up marginally by Rs 2.40, or 0.49%, to Rs 490.40 per 10 kg, with a business turnover of 36 lots.
Analysts said fresh positions built-up by speculators driven by rising spot demand, mainly led to the rise in crude palm oil prices at futures market.
