Crude palm oil prices rose by 0.58 per cent to Rs 487.40 per 10 kg in futures trading today as speculators built up fresh positions amid pick up in domestic demand at spot market and restricted arrivals from producing belts.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 2.80, or 0.58 per cent, to Rs 487.40 per 10 kg in a business turnover of 65 lots.
Likewise, the oil for delivery in July edged up by 80 paise, or 0.16 per cent, to Rs 486.90 per 10 kg in 5 lots.
Analysts said fresh positions created by participants after demand picked up in physical markets against restricted supplies from producing regions mainly attributed the rise in crude palm oil prices at futures trade.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)