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JAKARTA: Malaysian palm oil futures opened lower on Monday, paring the previous session’s gains, as weakness in rival Dalian oils and crude oil prices weighed on sentiment.
Malaysian palm oil rises on lower output
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost 42 ringgit, or 1.05%, to 3,969 ringgit ($941.41) a metric ton in early trade.
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