Palm extends losses, falls nearly 2% on price rally, sluggish export demand
KUALA LUMPUR: Malaysian palm oil futures fell nearly 2% on Wednesday, extending losses for a second session, after a recent rally hurt its competitiveness against rival soyoil, while sluggish exports fuelled concerns over rising inventories. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was down 93 ringgit, or 1.88%, at 4,853 ringgit ($1,206.31)…
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