Crude palm oil remained firm with prices rising by Rs 2.40 to Rs 568 per 10 kg in futures trade today as traders created fresh positions on the back of a firming spot demand.
At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 2.40, or 0.42%, to Rs 568 per 10 kg, with a business turnover of 528 lots.
The August contract increased by Rs 2.10, or 0.37%, to Rs 566 per 10 kg, with trading volume of 219 lots.
Meanwhile, in Malaysia, palm oil gained as much as 0.7% to 3,100 ringgit a tonne on the Malaysia Derivatives Exchange.
Futures were at 3,082 ringgit in Kuala Lumpur.
Marketmen said fresh positions created by speculators, driven by a firming global trend, helped crude palm oil prices to trade higher at futures trade.
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