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Palm-oil futures ended lower, weighed down by weaker soybean oil and crude oil prices, says David Ng, a trader at Kuala Lumpur-based Iceberg X. The oils often trade in tandem as they are used for similar purposes. A stronger ringgit added further pressure to the palm-oil market, he adds. Ng expects…
Palm oil futures ended lower, weighed by weaker soybean oil and crude oil prices, says David Ng, a trader at Kuala Lumpur-based Iceberg X. Concerns about sluggish exports and rising inventories continue to pressure sentiment, he adds. Ng expects prices to find support at 4,700 ringgit a ton and fac…