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Crude palm oil prices were up 0.54 per cent to Rs 517.20 per 10 kg in futures market today as speculators created fresh positions amid pick-up in domestic demand and restricted arrivals from producing regions.
At the Multi Commodity Exchange, crude palm oil for delivery in August rose by Rs 2.80, or 0.54 per cent, to Rs 517.20 per 10 kg in a business turnover of 70 lots.
The September contract added Rs 2.40, or 0.48 per cent, to Rs 506.30 per 10 kg in nine lots.
Analysts said apart from a firming trend at spot market on pick-up in demand, restricted arrivals from producing regions, led to rise in crude palm oil prices at futures trade.
