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Palm oil facing headwinds from the West

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BusinessLine The palm oil sector is currently facing a double whammy — softening prices in the wake of rising production and inventory, and concerted attack from West-based environmentalists for large-scale deforestation. Recently, the European Commission (EC)... More »

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Palm oil futures may test support levels, rise

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BusinessLine Malaysian palm oil futures ended lower on Monday, tracking weakness in other markets. Lower exports and higher production expectation weighed on prices. The benchmark third-month November contract moved lower again failing to capitalise on recent ... More »

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Palm oil futures will consolidate, rise

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BusinessLine Malaysian palm oil futures edged up on Monday evening tracking strength in related edible oils and charting a second straight session of gains. Rising production and stocks continue to weigh on market sentiment. Exports of Malaysian palm oil produ... More »

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Palm oil futures rise, test support levels

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BusinessLine September 18, 2017: Malaysian palm oil futures ended lower on Monday marking the third straight session of losses, tracking weakness in related edible oils and as a stronger ringgit weighed on the market. CPO active month December futures are movi... More »