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Palm falls more than 1% on weaker rival oils, crude

KUALA LUMPUR: Malaysian palm oil futures slipped more than 2% on Thursday to close near an eight-month low as concerns over potentially larger-than-expected stocks and output, alongside weaker rival vegetable oils, pressured the market. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 121 ringgit, or 2.69%, to 4,375 ringgit ($1,081.31) a metric…

First reported by Business Recorder Latest report 1 source
Image: Business Recorder
Image: Business Recorder
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  1. Business Recorder

    Palm falls more than 1% on weaker rival oils, crude (opens Business Recorder in a new tab)

    KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Thursday to trade close to a 25-week low, pressured by declines in rival edible oils and weaker crude oil prices. The benchmark palm oil contract for January delivery on the Bursa Malaysia…

  2. Business Recorder

    Palm closes near 8-month low on inventory worries, weaker rival oils (opens Business Recorder in a new tab)

    KUALA LUMPUR: Malaysian palm oil futures slipped more than 2% on Thursday to close near an eight-month low as concerns over potentially larger-than-expected stocks and output, alongside weaker rival vegetable oils, pressured the market. The benchmark palm oil…

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