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Palm oil futures plummet to 8-month low amid vegetable oils sell-off..........

Updated: Jul 29, 2023

The benchmark palm oil futures contract on Malaysia's commodity

exchange fell over 122 points or 3% during afternoon trade May 31,

reaching its lowest level since October 2022, with analysts attributing the

drop to sluggish demand, weakness in related vegetable oil markets

and falling crude oil prices.




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