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Palm Oil Holds Three-Day Gain With Malaysian Stockpiles in Focus - BLOOMBERG
Palm oil steadied after advancing the past three sessions, with robust Malaysian inventories poised to cap further gains.
The country’s high stockpiles are expected to weigh on sentiment, said David Ng, a senior trader at IcebergX Sdn in Kuala Lumpur. Parts of Malaysia have been inundated with heavy rain and widespread flooding, but Ng said it’s too early to determine how the weather will impact production.
