Palm tracks rival vegetable oils lower
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JAKARTA: Malaysian palm oil futures fell more than 1% on Monday, weighed down by weakness in rival vegetable oils and crude oil.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 41 ringgit, or 1.09%, to 3,730 ringgit ($780.50) a metric ton in early trade.
The contract rose 0.91% last week in its second consecutive weekly gain.
