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Malaysian palm oil futures edged down after hitting a seven-week high, on weaker local demand and expected higher output. Intertek and SGS data showed October exports rose about 2.3 to 2.5 percent from September.
Export gains are slowing seasonally and output is expected to rise, which pressures palm prices toward lower levels in the near term.
theborneopost.comchinNov 4, 2017Not 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.
