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Malaysian palm oil futures closed lower on Tuesday as concerns over rising September stockpiles and weaker crude oil prices weighed on the market. The benchmark contract for December delivery shed 0.39% to 4,560 ringgit a metric ton.
Malaysian palm oil futures closed lower on Tuesday, with the benchmark December delivery contract shedding 18 ringgit to 4,560 ringgit. Concerns over rising September stockpiles and weaker crude oil prices impacted the market.