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Markets

Malaysian palm jumps 1% amid supply concerns in India

Published Updated
Photo: Reuters
Photo: Reuters
By

SINGAPORE: Malaysian palm oil futures recovered on Tuesday, as concerns of tighter supply amid a poor monsoon forecast in India pushed prices higher.

Palm ends lower on weaker Malaysian exports, Dalian gains cap losses

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 44 ringgit, or 1.07%, to 3,953 ringgit ($850.11) per metric ton in early trade.

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