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Tracking overnight soybean oil decline, palm oil prices close lower
Jin10 Data November 12: Palm oil prices closed lower, tracking the overnight decline in soybean oil. Weak export demand and a strengthening ringgit also weighed on palm oil prices, according to a report from Kenanga Futures. However, the report added that declining palm oil production and expectations of rising crude oil prices could limit downside pressure. The Malaysia Derivatives Exchange's January futures contract ultimately fell by 12 ringgit to 4,125 ringgit per ton.

