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KUALA LUMPUR, Nov 6: Malaysian crude palm oil futures closed higher in thin trade on Monday, boosted by higher prices of rival soyaoil and lack of sellers. But traders said the market was overbought and could undergo a downward correction soon.
The benchmark January contract on the Bursa Malaysia Derivatives finished up 15 ringgit at 1,708 ringgit ($467) a ton.
Other traded contracts rose between six and 20 ringgit a tonne.—Reuters
