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Crude palm oil prices moved up by 0.18% to Rs 503.60 per 10 kg in futures market today as speculators enlarged their positions, driven by a rise in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in July moved up by 90 paise, or 0.18%, to Rs 503.60 per 10 kg in business turnover of 52 lots.
Similarly, the oil for delivery in August edged up by 40 paise, or 0.08%, to Rs 498 per 10 kg in 127 lots.
Market analysts said increased positions created by speculators following rising demand in the spot markets, mainly helped crude palm oil prices to trade higher at futures trade.
