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Markets

Malaysian palm oil opens higher despite lower soyoil

Published May 21, 2024 Updated May 21, 2024 11:19am
Photo: Reuters
Photo: Reuters
By

NEW DELHI: Malaysian palm oil futures opened higher on Tuesday despite lower soyoil futures, extending gains from last week.

Palm oil ends higher tracking rival oils, logs 2% weekly gain

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was up 15 ringgit, or 0.38%, at 3,936 ringgit ($821.48) a metric ton.

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