Crude palm oil rules firm as demand picks up

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	Commodities		Food & Edible Oils

Crude palm oil rules firm as demand picks up
Press Trust of India / New Delhi Feb 06, 2012, 13:08

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Crude palm oil prices rose by Rs 1.50 to Rs 516.70 per 10 kg in futures trade today supported by pick up in demand on account of marriage season.

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At the Multi Commodity Exchange, crude palm oil for delivery in February added Rs 1.50, or 0.29% to Rs 516.70 per 10 kg in business turnover of 38 lots.

The March contract edged up by Rs 1.20, or 0.23% to Rs 520.40 per 10 kg in 69 lots.

Analysts said pick-up in demand in the spot market in view of marriage season mainly supported the upside in crude palm oil prices at futures trade.