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PALM OIL FUTURES UP ON LOWER PRODUCTION EXPECTATION AND FIRM RIVAL OILS - vyaparsampark.com
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Malaysian palm oil futures for April delivery up by RM 33 or 0.60% to RM 3825 ($ 803.57) per ton on lower production ecpectations and firm rival edible oil prices. Soy oil prices at Chicago were up by 0.62% and at Dalian Palm oil futures rose by 0.68% . Soy oil South American spot prices fall below $ 800 per ton for the first time since September 2020 under pressure from Chicago Board of Trade future contract prices and sluggish demand from key imported according to the news sources.