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Crude palm oil futures edge higher 0.14 pc as demand picks up

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Press Trust of India New Delhi
Crude palm oil prices rose marginally by 0.14 per cent to Rs 438.30 per 10 kg in futures trade today as speculators indulged in creating fresh positions, driven by pick up in demand in the spot market.

The exchange opened for the evening session as it remained closed in the morning for 'Maharashtra Day'.

At the Multi Commodity Exchange, crude palm oil for delivery in May month traded higher by 60 paise, or 0.14 per cent to Rs 438.30 per 10 kg in business turnover of 258 lots.

Analysts said speculators creating fresh positions on the back of pick up in demand in the spot market mainly led to rise in crude palm oil prices at futures trade.
 

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First Published: May 01 2015 | 6:28 PM IST

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