Palm trades sideways as Dalian soyoil weighs, crude oil supports

KUALA LUMPUR: Malaysian palm oil futur es traded in a tight range on Monday, as weakness in Dalian soyoil countered stronger crude oil prices. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 3 ringgit, or 0.07%, to 4,594 ringgit ($1,162.74) a metric ton in early trade. The contract rose 0.39% in the previous session.

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