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Palm Oil Prices Expected to Trade Sideways on Weak Malaysian Exports

GateNews
Commodities

According to Jin10 Futures, as of May 28, Malaysia's palm oil exports remain weak with elevated near-term supply pressure, weighing on price momentum. However, pending details on Indonesia's export policy, expected increases in biofuel consumption in the second half, and potential production cuts from El Niño weather patterns offer support to sentiment.

Palm oil prices are expected to trade in a sideways range in the near term.

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