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Palm rangebound, but poised for first weekly gain in three weeks
KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Friday, but remained on course for their first weekly gain in three weeks as traders awaited price outlooks at a key industry conference and details of a planned Indonesian service fee. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange gained 7 ringgit, or 0.16%, to 4,447 ringgit ($1,091.02) a metric ton by the midday break. The contract has risen 3.95% so far this week. Market participants stayed cautious ahead of fresh price forecasts from leading analysts at the Indonesian Palm ...
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