Palm slips on firmer ringgit; stronger rival oils, crude limit fall
Malaysian palm oil futures opened lower on Wednesday, after two sessions of gains, as a firmer ringgit weighed down the market while stronger rival edible oils and crude oil prices limited the fall.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange slid 16 ringgit, or 0.41%, to 3,892 ringgit ($910.84) a metric ton in early trade.
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