Crude palm oil futures for March rose by Rs 1.60, or 0.35%, to Rs 456.80 per 10 kg in 120 lots. On the Multi Commodity Exchange (MCX), the April contract traded higher by Rs 1.50, or 0.32%, to Rs 461.40 per 10 kg in 167 lots. Crude palm extended the gains for fourth day. Prices went up as speculators built up positions amid strong spot demand. Firming trend in the overseas markets also influenced crude palm oil prices at futures trade. On the Malaysia Derivatives Exchange (MDEX), the June contract rose 1% to 2,480 ringgit ($796) a tonne. It is the highest price for the most-active contract since February 25 on speculations that stockpiles in Malaysia, may decline as output drops.

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