Amid improved domestic demand and restricted supplies from producing regions, crude palm oil prices were up by by 0.48 per cent to Rs 485 per 10 kg in futures trade today as participants created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in February month edged up by Rs 2.30, or 0.48 per cent to Rs 485 per 10 kg in business turnover of 20 lots.
Likewise, the oil for delivery in far-month March contracts traded higher by Rs 2.20, or 0.45 per cent to Rs 492.40 per 10 kg in 23 lots.
Analysts said speculative positions built-up by traders amid pick-up in demand in the spot market against restricted supplies from producing belts mainly led to rise in crude palm oil prices at futures trade.
