09/05/2012 (Business Standard) - Crude palm oil prices are marginally up by Rs 4.50 to Rs 618.80 per 10 kg in futures trade today as speculators created fresh positions amid hopes of a pick-up in demand in spot markets.

On the Multi Commodity Exchange, the June delivery rose by Rs 4.50, or 0.73%, to Rs 618.80 per kg, with a trading volume of 261 lots.

The May delivery moved up by Rs 4.40, or 0.71%, to Rs 616.70 per 10 kg, with a business turnover of 189 lots.

Analysts said fresh positions created by speculators, driven by hopes of pick-up in demand in spot markets, mainly led to a rise in crude palm oil prices at futures market.

Meanwhile, in Malaysia, the July contract climbed as much as 0.8% to 3,388 ringgit ($1,109) a tonne on the Malaysia Derivatives Exchange.