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Crude palm oil remained up for the second day and prices added 0.43% to Rs 565.40 per 10 kg in futures market today as speculators engaged in enlarging positions, tracking a firm trend at spot market on pick up in demand.
At the Multi Commodity Exchange, crude palm oil for delivery in May gained Rs 2.40, or 0.43%, to Rs 565.40 per 10 kg in business turnover of 25 lots.
Similarly, the oil for delivery in April edged up by Rs 2.30, or 0.40%, to Rs 572.50 per 10 kg in 105 lots.
Analysts said rising demand in the spot markets mainly influenced crude palm oil prices as speculators enlarged positions.
