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Palm recovers on strong India demand

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday after a three-session slide, as traders weighed forecasts of rising production against strong demand from top buyer India ahead of a key festival.

Palm oil reverses early gains

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.81%, to 3,730 ringgit ($819.78) in early trade.

Palm recovers on strong India demand

Source: Brecorder

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