Palm oil retreated as some investors seek to lock in year-end gains, although concerns remain that floods in Malaysia will curb supplies.
Benchmark futures fell 0.8% by the midday break in Kuala Lumpur, snapping a four-day advance. The tropical oil rose 5.5% last week, the most since early October, after flooding hit plantations in Malaysia, the second-biggest grower, and as soybean prices climbed because of dry weather in South America.
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December 27, 2021 at 01:01PM
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Palm Oil Declines After Four Days of Gains With Floods in Focus - Bloomberg
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