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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.
Palm oil futures closed lower, weighed by weaker soybean oil prices and concerns about high domestic inventories. Trader David Ng expects crude palm oil futures to find support at 4,500 ringgit a ton and face resistance at 4,650 ringgit a ton.