Palm Oil Futures Dip Amid Market Trends

  Published 10 months ago

Malaysian palm oil futures fell on Thursday, ending a two-day rally due to profit taking and weaker performances in Chicago and Dalian markets. Lower energy prices and rising inventories also contributed to the decline, despite increased Indian imports.

  • Palm oil dropped 0.73% to 3,919 ringgit/ton.
  • Indian imports surged to a six-month high.
  • Potential support break at 3,889 ringgit/ton.

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