Crude palm oil traded higher by 0.99 per cent to Rs 420 per 10 kg in futures trade today as speculators widened positions amid rising domestic demand and restricted arrivals from producing regions.
At the Multi Commodity Exchange, crude palm oil for delivery in October rose by Rs 4.10, or 0.99 per cent, to Rs 420 per 10 kg in a business turnover of 334 lots.
On similar lines, the oil for delivery in November moved up by Rs 4, or 0.96 per cent, to Rs 420.50 per 10 kg in 28 lots.
Analysts said expanding of positions by speculators amid pick up in demand in the spot market against restricted supplies from producing regions mainly led to the rise in crude palm oil prices at futures trade.
