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KUALA LUMPUR: Malaysian palm oil futures extended losses for a second session, hitting a nearly three-week low on Wednesday, as traders weighed demand concerns after early-January shipments plummeted by half.
Malaysia end-Dec palm oil stocks fell 4% to 2.19mn T
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.91%, to 3,908 ringgit ($893.46) a tonne during early trade, its lowest since Dec. 23.