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ET:Crude palm oil futures up on global cues
 
NEW DELHI: Supported by a firming trend overseas, crude palm oil prices up by Rs 3 to Rs 496 per 10 kg in futures trade today.

At the Multi Commodity Exchange, crude palm oil for delivery in September rose by Rs 3, or 0.60 per cent, to Rs 496 per 10 kg, with a business turnover of 60 lots.

Oil prices for August contract increased by Rs 2.60, or 0.51 per cent, to Rs 503 per 10 kg with a volume of 50 lots.

Market analysts said fresh buying by traders, influenced by a firming global trend mainly helped crude palm oil prices to trade higher at futures trade.

Palm oil gained 1.70 per cent to USD 693 per tonne on the Malaysia Derivatives Exchange.
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