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Markets

Palm retreats on weaker rival oils, ringgit gains

Published Updated
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KUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday after two consecutive sessions of gains, tracking weakness in rival edible oils, while gains in the ringgit also weighed.

Malaysian palm oil futures up

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 28 ringgit, or 0.74%, to 3,742 ringgit ($811.19) during early trade.

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