NEW DELHI, May 28: Continuing its winning run for the third straight day, crude palm oil prices added 1.13 per cent to Rs 454.70 per 10 kg in futures trading today as speculators enlarged positions, taking positive cues from the spot market.
Also, restricted supplies from major producing regions and a firming global trend fuelled uptrend.
At the Multi Commodity Exchange, crude palm oil for delivery in June gained Rs 5.10, or 1.13 per cent to Rs 454.70 per 10 kg in business turnover of 280 lots.
Similarly, the oil for delivery in May contracts edged up by Rs 2.60, or 0.57 per cent, to Rs 458 per 10 kg in 72 lots.
Analysts said that apart from a firm trend at the spot market on the back of surge in demand, a rising global trend mainly led to an upward movement in crude palm oil prices in futures trade. (PTI)
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