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New Delhi: Crude palm oil futures prices rose 0.68 per cent at the Multi Commodity Exchange on Friday as speculators enlarged positions on expectations of a rise in demand in the spot market in view of the marriage season.
Firming trend in overseas markets also influenced crude palm oil prices at the futures market.
At the MCX counter, crude palm oil for December month contract rose 0.68 per cent to Rs 341.90 per 10 kg with a trading volume of 101 lots, while January month contract gained 0.58 per cent to Rs 344.40 per 10 kg in a business turnover of 51 lots.
Similarly, the oil for delivery in current month contract moved up 0.45 per cent to Rs 338.20 per 10 kg with a business volume of 42 lots.
Analysts said fresh buying by speculators on hopes of a pick up in demand in the spot market led to the rise in crude palm oil at the futures market.
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