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Malaysian palm oil futures fell on Wednesday, extending losses for a second session. Weaker rival oils and higher output from peninsular mills weighed on prices, and Malaysia kept its September crude palm oil export tax at 8%.
Rising mill output and softer competing oils add supply pressure that tends to push palm prices lower.
brecorder.comReutersAug 23, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
