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Palm oil falls 2% on stronger soybean harvest, ringgit

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By Reuters
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SINGAPORE: Malaysian palm oil futures fell on Tuesday as rapidly advancing US soybean harvest and a strengthening ringgit weighed on prices, although strong demand curbed losses.

Malaysian palm oil futures down

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange fell 74 ringgit, or 2% to 3,679 ringgit ($770.15) a metric ton in early trade, and were on track for a second session of decline.

Soybeans Palm Oil

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