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Markets

Palm slips, dragged down by rival edible oils, strong ringgit

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KUALA LUMPUR: Malaysian palm oil futures fell on Monday, dragged down by weakness in rival edible oils and strengthening ringgit.

Malaysian palm oil lower

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 30 ringgit, or 0.74%, at 4,021 ringgit ($980.01) a metric ton in early trade.

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