20/12/2011 (MSN) - Crude palm oil futures rose by Rs 3.30 to Rs 522 per 10 kg in futures trade today on the back of a pick-up in demand in the spot market amid a firming global trend.

At the Multi Commodity Exchange, crude palm oil for February contract delivery rose by Rs 3.30, or 0.63 per cent, to Rs 522 per 10 kg, with an open interest for 75 lots.

In a similar fashion, crude palm oil for delivery in January rose by Rs 3.10, or 0.60 per cent, to Rs 516.90 per 10 kg in 106 lots, while December contract CPO edged up by Rs 2.50, or 0.48 per cent, to Rs 83 per 10 kg in 83 lots.

Market analysts said apart from a firming trend in overseas markets, a pick-up in spot market demand helped crude palm oil futures trade marginally higher.

Meanwhile, palm oil gained 1 per cent to USD 948 per metric tonne on the Malaysia Derivatives Exchange.