Crude palm oil prices were up by 1.21 per cent to Rs 473.80 per 10 kg in futures trading today as participants created speculative positions following rising demand in the spot markets amid firming trend overseas.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose Rs 5.70, or 1.21 per cent, to Rs 473.80 per 10 kg, in a business turnover of 485 lots.
Likewise, the oil for delivery in March was up by Rs 5.60, or 1.17 per cent, to Rs 480.40 per 10 kg in 231 lots.
Analysts said speculative positions built-up by participants following pick-up in spot demand and firming trend in overseas markets mainly led to the rise in crude palm oil prices at futures trade.
