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Palm oil ended lower in Asia, pressured by weaker soybean oil and crude oil prices, according to trader David Ng. Concerns about elevated domestic inventories and expectations of record Malaysian palm oil ou… also weighed on sentiment.
Malaysian palm oil futures for December delivery fell 38 ringgit, or 0.81%, to 4,626 ringgit/ton, lowest since July 21, as Dalian vegetable oils weakened and expectations rose for September inventory.