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Market Impact: 0.32
Palm Oil Drops to Seven-Week Low on Worries Over Ample Reserves
Source: Bloomberg
Commodities & Raw MaterialsEnergy Markets & PricesTrade Policy & Supply Chain
Palm oil prices fell to their lowest level since early August as production in Malaysia, the world’s second-largest grower, peaked while demand weakened. The combination raises concern that inventories will swell, creating further downside pressure for palm oil prices and related producers.
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