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KUALA LUMPUR: Malaysian palm oil futures opened higher on Wednesday, as the market rebounded after a two-day slide, supported by a weaker ringgit, though declines in rival edible oils capped the rise.
The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 18 ringgit, or 0.4%, to 4,488 ringgit ($1,067.30) a metric ton.
The contract fell 1.3% in last two sessions.