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Malaysian economy
Latest news related to the Malaysian economy.
Malaysian palm oil prices reversed course and rose to 4,460 ringgit/tonne on March 11.
Malaysian palm oil futures rose 0.72% on positive export data and a weaker ringgit. However, logistical risks from the Middle East conflict are putting pressure on supply.
Market
Palm oil prices rose for the third consecutive session, reaching 4,122 ringgit per ton.
Palm oil futures prices in Malaysia surged after January inventories fell 7.72%, coupled with a weakening ringgit and anticipated increased import demand from India.
Palm oil prices rose for the third consecutive session, reaching 4,122 Ringgit following a report by the MPOB.
Malaysian palm oil futures maintained their upward momentum thanks to a 7.72% drop in inventories and a weaker Ringgit, while concerns about long-term yields in Southeast Asia remain.
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