NEW DELHI: Crude palm oil prices traded marginally up by Rs 2.10 to Rs 482.80 per 10 kg in futures trade on Monday as speculators created fresh positions amid pick-up in demand in spot markets.
On the Multi Commodity Exchange, crude palm oil for July delivery rose by Rs 2.10, or 0.43 per cent, to Rs 482.80 per kg, with a trading volume of 50 lots.
Similarly, oil for delivery in June went up by Rs 1.70, or 0.35 per cent, to Rs 482.10 per 10 kg, with a business turnover of 75 lots.
Analysts said fresh positions created by speculators following pick-up in demand in spot markets and a firming trend overseas, mainly led to a rise in crude palm oil prices at futures market.
Meanwhile, in Malaysia, palm oil advanced for the second day on speculation that demand may rebound ahead of the Muslim fasting month of Ramadan, trimming inventories in Malaysia, the world's second-largest producer.
The contract for August delivery climbed 0.60 per cent to 2,411 ringgit ($ 779) a tonne on the Malaysia Derivatives Exchange.
