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Palm Oil Rises 48 Ringgit to 4,640 Ringgit a Ton

The Bursa Malaysia Derivatives contract for December delivery rose 48 ringgit to 4,640 ringgit a ton amid bargain hunting.

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Palm oil gains 48 ringgit to 4,640 ringgit a ton, as buyers seek bargains. The Bursa Malaysia Derivatives contract is for December delivery. AmInvestment Bank says in a note that market participants will look to Monday afternoon’s upcoming Malaysian Palm Oil Board report for fresh cues. Concerns…