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Crude palm oil up 0.7% on rising demand

A firming trend in the overseas markets influenced crude palm oil futures trade here

Press Trust of India New Delhi
Crude palm oil futures for March rose by Rs 3.20, or 0.68%, to Rs 469.90 per kg in 463 lots.

On the Multi Commodity Exchange (MCX), the February contract moved up by Rs 2.60, or 0.56%, to Rs 460 per 10 kg in 399 lots.

Prices rose as speculators created fresh positions on expectations of a rise in spot market demand.

A firming trend in the overseas markets influenced crude palm oil futures trade here.

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 0.7% to $835 a tonne.

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First Published: Feb 20 2013 | 2:33 PM IST

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