Crude palm oil rose by 0.44 per cent to Rs 527.70 per 10 kg in futures trade today as traders enlarged positions, tracking a firm trend at spot market on surging demand.
At the Multi Commodity Exchange, crude palm oil for delivery in December month advanced by Rs 2.30, or 0.44 per cent to Rs 527.70 per 10 kg in business turnover of 27 lots.
Similarly, the oil for delivery in November contracts edged up by Rs 1.90, or 0.36 per cent to Rs 523.60 per 10 kg in 21 lots.
Analysts said widening of positions by participants on the back of rising demand in the spot market against tight stocks position on restricted supplies from producing regions.
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