KUALA LUMPUR: Malaysian palm oil futures dipped on Friday as traders squared positions after the contract failed to breach a target price, reversing gains made earlier when it tracked strength in U.S. soyoil.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange slipped towards the end of the session to close 0.05% lower at 2,022 ringgit ($487.46) per tonne.
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