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Crude palm oil up 0.5% on spot demand

Prices rose as speculators created fresh positions

Press Trust of India New Delhi
Crude palm oil futures for April rose by Rs 2.10, or 0.45% to Rs 465.20 per 10 kg in 196 lots.     

At the Multi Commodity Exchange (MCX), the May contract traded higher by Rs 1.60, or 0.34% to Rs 466.20 per 10 kg in 271 lots.

Prices rose as speculators created fresh positions following pick-up in spot market demand.

Firming global trend mainly led to rise in crude palm oil futures trade here.

On the Malaysian Derivatives Exchange (MDEX), the June contract advanced 1.3% to $783 a tonne.
 

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First Published: Apr 08 2013 | 2:23 PM IST

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