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Palm oil price support strengthens as export demand improves
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Palm oil price support strengthens as export demand improves
Malaysian palm oil futures have risen to their highest level in more than two weeks, helped by stronger export demand, firmer rival edible oils and a weaker ringgit. The market is being supported by clear near-term demand signals. Cargo surveyor Intertek Testing Services estimated that Malaysian palm oil product exports rose 19.1% during 1 to 20 June compared with the same period in May. Shipments increased to 907,067 metric tonnes from 761,517 …
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