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Palm extends loss on rival oil weakness

Summary by New Strait Times
KUALA LUMPUR: Malaysian palm oil futures extended declines on Tuesday, weighed down by weakness in rival oils but robust export data capped the losses. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell RM38, or 0.88 per cent, to RM4,275 (US$993.26) a metric tonne by the midday break. The market is being pressured by overnight weakness in Chicago soyoil and lower Dalian palm olein prices, David …
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