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Malaysian palm oil futures were little changed on Tuesday, with gains from stronger crude oil prices tempered by concerns of higher September stockpiles. Benchmark contract for December delivery gained 2 ringgit, or 0.04%, to 4,580 ringgit a metric ton. Expectations of high September inventories continued to cap gains.
Malaysian palm oil futures traded little changed Tuesday, with gains from higher crude oil prices offset by worries over rising September stockpiles. The benchmark December contract on Bursa Malaysia Derivatives edged up 2 ringgit (0.04%) to 4,580.