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Malaysian palm oil futures fell more than 1% on Wednesday on expectations of rising Malaysian inventories and Indonesia's revised export levy rules. Indonesia relaxed levies on palm oil and derivative products after prices dropped.
The price decline reflects both supply concerns and the policy change.
Rising stocks and cheaper Indonesian export competition add pressure to palm oil prices. Vegetable oil weakness can weigh on soybean oil and related feed fat prices.
thestar.com.myThe Star OnlineDec 5, 2018Not 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.
