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Palm oil futures fall more than 4% at the open in Malaysia

Eko Listiyorini / Bloomberg
Eko Listiyorini / Bloomberg • 1 min read
Palm oil futures fall more than 4% at the open in Malaysia
The palm oil market is now waiting for supply and demand data from the Malaysian Palm Oil Board due later on Tuesday
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(March 10): Palm oil futures in Kuala Lumpur fell as much as 4.3% at the open on Tuesday, tracking a slump in crude oil prices after US President Donald Trump said the war in the Middle East may end soon.

That erased most of the gains on Monday, when futures finished 4.6% higher at 4,567 ringgit a tonne, the highest close since October. The market is now waiting for supply and demand data from the Malaysian Palm Oil Board due later on Tuesday.

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