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KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Thursday as traders weighed bigger May stockpiles against concerns over weak demand and dry weather hitting production.

Palm oil jumps 3% on stronger rivals, dry weather

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 5 ringgit, or 0.14%, to 3,457 ringgit ($746.49) a metric ton during early trade.

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