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Palm gains on firm Dalian; weak crude, high stocks limit upside
KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Thursday, driven by stronger rival Dalian oils, though weaker crude, higher stocks, and profit-taking capped the gains. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 26 ringgit, or 0.59%, to 4,436ringgit ($1,089.93) a metric ton by the midday break. The market traded higher following bullish rallies in rival Dalian during Asian trading hours as well as overnight Chicago soyoil futures, said Anilkumar Bagani, head of research at Mumbai-based vegetable oil br...
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