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Crude palm oil futures rise on spot demand

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 12:52 AM IST

Crude palm oil prices gained Rs 3.50 or 0.94 per cent to Rs 377 per 10 kg in futures trade today on pick up in demand at spot markets.

At the Multi Commodity Exchange, crude palm oil for June contract gained Rs 3.50, or 0.94 per cent to Rs 377 per 10 kg, with an open interest of 2,103 lots.

Similarly, the oil for delivery in May contract traded higher by Rs 2.90, or 0.78 per cent to Rs 376.40 per 10 kg, with a business turnover of 1,274 lots.

Analysts said pick up in demand at domestic market in view of marriage season pushed up crude palm oil prices at futures trade.

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First Published: May 25 2010 | 3:49 PM IST

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