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Crude palm oil up 0.8% on rising demand

Firming overseas markets influenced crude palm oil futures trade here

Press Trust of India New Delhi
Crude palm oil futures for March was up by Rs 3.50, or 0.76%, to Rs 460.70 per kg in 158 lots.

On the Multi Commodity Exchange (MCX), the February contract moved up by Rs 3.40, or 0.76%, to Rs 450.70 per 10 kg in 93 lots.

Prices rose as speculators created fresh positions on the back of rising spot demand.

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

On the Malaysia Derivatives Exchange (MDEX), palm oil climbed 1.50% to $813 a metric tonne.

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First Published: Feb 18 2013 | 2:12 PM IST

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