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Crude palm oil prices rose by 0.31% to Rs 558.40 per 10 kg in futures trade today as speculators created fresh positions, driven by pick-up in demand in the spot market.
At the Multi Commodity Exchange, crude palm oil for delivery in May rose by Rs 1.70, or 0.31%, to Rs 558.40 per 10 kg in business turnover of 104 lots.
Similarly, the oil for delivery in April traded higher by Rs 1.50, or 0.27%, to Rs 562.10 per 10 kg in 166 lots.
Analysts said speculators built-up fresh positions driven by pick-up in demand in the spot market which mainly led to rise in crude palm oil prices at futures trade.
