Palm oil touches 2-week low on weak export data, strong soybean supply
Malaysian palm oil futures declined on Tuesday to a two-week low, weighed down by lacklustre export data and weakness in soybean prices as a result of ample supply.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 36 ringgit, or 1.05%, to 3,681 ringgit ($800.22) a metric ton in morning trade.
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