Palm oil ends at over four-moth low on weaker soyoil, sliding demand
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Palm oil ends at over 4-month low on weaker soyoil, sliding demand
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Malaysia’s palm oil production and exports missed industry expectations in May, while domestic consumption surged, data released by the Malaysian Palm Oil Board or MPOB showed. Palm oil exports fell 6% month on month to 1.265 million mt in May. This was well below the median estimate of 1.345 million mt, according to a Platts .