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Malaysian palm oil futures hovered below MYR 4,950/tonne, ending a recent rally. Weaker edible oils, weak August exports (surveyors estimate shipments fell in a range from the prior month), and rising inventories to a five-month high pressured sentiment.
Malaysian palm oil futures slip further, staying below MYR 4,700 per tonne near a one-week low as Dalian and Chicago edible oils weaken amid rising inventories and production.
Malaysian palm oil futures slip below MYR 4,720 per tonne on profit-taking and ample supply