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Palm oil falls

January 04, 2019

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KUALA LUMPUR: Malaysian palm oil futures fell from a two week high in evening trade on Thursday, charting a first session of losses in five, on the back of profit taking activities.

In other related oils, the Chicago March soybean oil contract rose 0.3pc. Meanwhile, the Dalian January palm oil contract gained 2.4pc. Palm oil prices are impacted by changes in soyoil prices, as they compete for a share in the global vegetable oil market.

Published in Dawn, January 4th, 2019