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Crude palm oil extended gains for the second day with prices rising 0.33% to Rs 539.70 per 10 kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February gained Rs 2, or 0.33% to Rs 539.70 per 10 kg in business turnover of 87 lots.
On the similar lines, the oil for delivery in January edged up by Rs 1.60, or 0.30% to Rs 534.40 per 10 kg in 71 lots.
Analysts said persistent rise in crude palm oil at futures trade was mostly supported by speculators enlarging positions and a firm trend at spot market on rising demand.
