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Palm oil declined in Asian trading, influenced by overnight weakness in soybean oil prices on the Chicago Board of Trade. Concerns regarding rising domestic palm oil inventories and subdued export demand may also contribute to price pressure.
Palm oil falls in Asian trading, tracking declines in soybean oil on the Chicago Board of Trade overnight. Technical analysis also indicates cautious sentiment, AmInvestment Bank says in a note. Still, crude palm oil futures could witness bargain hunting after recent losses. India's lower import du…
Palm oil falls in Asian trading, weighed by declines in soybean oil on the Chicago Board of Trade, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Expectations for higher stock levels and production levels in Malaysian Palm Oil Board demand and supply data for August, due Thursday afternoo…