Crude palm oil prices were up by Rs 6.30 or 1.20 per cent to Rs 530 per 10 kg in futures trade today as traders widened positions, tracking a firm trend at the spot market on pick up in demand.
Further, restricted arrivals from major producing belts also fuelled the uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in June rose by Rs 6.30, or 1.20 per cent, to Rs 530 per 10 kg, in a business turnover of 351 lots.
Similarly, the oil for delivery in this month traded higher by Rs 2.70, or 0.50 per cent, to Rs 532.80 per 10 kg in 55 lots.
Market analysts said increasing of positions by participants amid rising demand in the spot market against restricted supplies from producing belts mainly led to the rise in crude palm oil prices at futures trade.
