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Crude palm oil up 0.3% on spot demand

Firming trend in overseas markets supported upside

Press Trust of India New Delhi
Crude palm oil futures for June rose by Rs 1.40, or 0.29%, to Rs 475.60 per kg in 276 lots.

On the Multi Commodity Exchange (MCX), the May contract moved up marginally by 80 paise, or 0.16%, to Rs 472.90 per 10 kg in 245 lots.

Prices rose as speculators created fresh positions on rising spot demand.

Further, a firming trend in overseas markets also supported the upside.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1% to $780 a tonne.
 

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First Published: May 13 2013 | 2:34 PM IST

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