Crude palm oil prices were up by 0.33 per cent to Rs 506.50 per 10 kg in futures trade today as speculators indulged in enlarging positions, triggered by rising demand at the spot market.
Besides, a firming trend in overseas markets supported the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in April rose by Rs 2.60 or 0.52 per cent to Rs 506.50 per 10 kg in business turnover of 130 lots.
Similarly, the oil for delivery this month contracts went up by Rs 1.70 or 0.33 per cent to Rs 519.20 per 10 kg in 317 lots.
Analysts said widening of positions by participants driven by pick up in demand in the spot market against tight stocks position on restricted supplies from producing regions mainly kept crude palm oil prices higher at futures trade.
Disclaimer: No Business Standard Journalist was involved in creation of this content
