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Markets

Palm slips over 1% on soft rival oils, weak exports

  • Palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.4%, to 4,519 ringgit
Published Updated
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KUALA LUMPUR: Malaysian palm oil futures fell more than 1% at the open on Thursday, weighed by weaker rival edible oils and sluggish export demand.

The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 64 ringgit, or 1.4%, to 4,519 ringgit ($1,138.86) a metric ton in early trade.

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