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Malaysian palm oil futures hovered above MYR 4,850 per tonne, reversing recent declines amid gains in rival edible oil markets. Bargain hunting also emerged after prices hit a two-week low. Firmer crude oil, underpinned by escalating Middle East hostilities, enhanced palm’s competitiveness as a biodiesel feedstock. Sup
Malaysian palm oil futures rebounded on Thursday after the prior session’s drop. Stronger Dalian oils lifted prices, but weaker crude oil and softer Chicago soyoil capped gains.