Palm Oil Declined amid Improving Forecasts for Soybeans Yield

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/AFP
Following first weekly gain since the week ended on October 26, palm oil went down on Friday amid analysts' forecasts for increasing soybean yield in South America reduced concerns that the world palm oil supply will decline. January-delivery palm oil fell 2.1% and the contract was settled at 2,384 ringgit ($777) a metric ton in Kuala Lumpur.This week palm oil futures gained 3.3% to 2,393 ringgit, the biggest weekly gain in 3 weeks.
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