Palm oil rises as inventories fall on boosted exports

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Source: Bloomberg
Palm oil increased to its highest level in a nine-day period on Wednesday amid speculations that inventories in Malaysia, the world's second-largest producer might be reduced by bigger exports amid a rebound in demand. June Palm futures increased by 1.1% to 2,441 ringgit a metric ton on the Malaysia Derivatives Exchange, its highest closing price since March 11.

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