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Malaysian palm jumps 1% amid supply concerns in India

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SINGAPORE: Malaysian palm oil futures recovered on Tuesday, as concerns of tighter supply amid a poor monsoon forecast in India pushed prices higher.

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The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange strengthened 44 ringgit, or 1.07%, to 3,953 ringgit ($850.11) per metric ton in early trade.