Crude palm oil prices recovered by Rs 3 to Rs 529.40 per 10 kg in futures trade today in line with a firming global trend.
At the Multi Commodity Exchange, crude palm oil for delivery in February rose by Rs 3, or 0.57% to Rs 529.40 per 10 kg in business turnover of 73 lots.
The March contract moved up by Rs 2.60, or 0.48% to Rs 539.60 per 10 kg in 149 lots.
Analysts attributed the rise in crude palm oil prices at futures trade to firming trend overseas where it surged to over one month high after signs of US economic recovery boosted optimism that commodities demand will increase.
Meanwhile, palm oil for the May-delivery contract rose 0.9% to $1,056 a metric tonne on the Malaysia Derivatives Exchange, the highest since January 12.
