Crude palm oil prices were up by 0.92 per cent at Rs 595 per 10 kg in futures trade today as traders created fresh positions supported by pick up in demand at the spot market amid firm global cues.
Further, restricted supplies from the producing belts also supported the uptrend in the crude palm oil prices.
At the Multi Commodity Exchange, crude palm oil for delivery in January rose by Rs 5.50, or 0.92 per cent, to Rs 595 per 10 kg, in a business turnover of 271 lots.
Similarly, the oil for delivery far-month February was trading higher by Rs 3.60, or 0.62 per cent, to Rs 585.40 per 10 kg in 231 lots.
Analysts said the rise in crude palm oil prices was mostly due to building up of positions by speculators, driven by a firming trend in the global market.
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