07/04/2011 (Business Standard) - Crude palm oil prices moved up by Rs 3.30 to Rs 523.20 per 10 kg in futures trade today as speculators created fresh positions, supported by a firming global trend.

At the Multi Commodity Exchange, crude palm oil for delivery in April moved up by Rs 3.30, or 0.63%, to Rs 523.20 per 10 kg, with an open interest of a single lot.

The May contract edged up by Rs 3.30, or 0.64%, to Rs 521, with a turnover of two lots.

Analysts attributed the uptrend in crude palm oil futures to fresh buying by speculators in tandem with a firming global trend.

Meanwhile, crude palm oil futures for delivery in June gained 0.6% to $1,119 a metric tonne on the Malaysia Derivatives Exchange.