Malaysian Palm Oil Futures Fall on Tuesday After 2.16% Rally, May Hold at 4,400 Ringgit in June

GateNews
According to Jin10, Malaysian palm oil futures fell on Tuesday (May 19) after gaining 2.16% in the previous session, marking the largest single-day rally since March 30. The Malaysia Palm Oil Board predicted in a statement that prices will remain around 4,400 ringgit (approximately $1,110) per ton in June, supported by global biofuel policies offsetting supply uncertainties from weather risks.
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