Palm oil falls on rival soyoil weakness
Malaysian palm oil futures fell for a second straight session on Tuesday, weighed down by weakness in rival soyoil in both the Dalian and Chicago vegetable oils markets.
The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell 17 ringgit, or 0.42%, to 4,076 ringgit ($989.56) a metric ton by 0236 GMT.
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