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Tuesday, December 5, 2023

Palm extends gain amid robust China demand for soyoil

SINGAPORE: Malaysian palm oil futures rose for a second session on Tuesday amid signs of an increase in Chinese soy demand, although easing exports and a stronger ringgit capped the gains.

Malaysian palm oil futures down

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 53 ringgit, or 1.5%, to 3,988 ringgit ($852.50) a metric ton in morning trade.

Palm extends gain amid robust China demand for soyoil

Source: Brecorder

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