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Supported by pick up in demand in the spot market, crude palm oil prices higher by 0.20% to Rs 508.90 per 10 kg in futures trade today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in July up by Re 1, or 0.20%, to Rs 508.90 per 10 kg in business turnover of 16 lots.
Similarly, the oil for delivery in June contract edged up by 50 paise, or 0.10% to Rs 510.80 per 10 kg in 79 lots.
Analysts said fresh positions created by speculators amid pick up demand in the spot market, mainly influenced crude palm oil prices at futures trade.
