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Supported by rising spot demand, crude palm oil prices edged up by 0.27% to Rs 553.40 per 10 kg in futures trading today as speculators created fresh positions.
At the Multi Commodity Exchange, crude palm oil for delivery in June rose by Rs 1.50, or 0.27%, to Rs 553.40 per 10 kg in a business turnover of 19 lots.
Likewise, the oil for delivery in May traded higher by 40 paise, or 0.07%, to Rs 557 per 10 kg in 34 lots.
Analysts said the rise in crude palm oil prices at futures trade was mostly supported by rising spot demand against tight supplies from growing areas.
