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Palm oil slips

2017-09-30
KUALA LUMPUR: Malaysianpalmoilfutures fell on Friday, tracking losses in overnight soyoil prices on the Chicago Board of Trade (CBOT).

Traders also booked profit ahead of the weekend and the release of September cargo surveyor data, amid expectation that exports growth would slow down. Intertek Testing Services (ITS) is scheduled to release palm oil shipment data for the whole September after 0300 GMT on Saturday.

Malaysian palm oil shipments during Sept 1-25 rose 16.1 per cent from a month earlier, ITS data showed. Traders said exports in September would rise but at a slower pace.

Traded volumes stood at 59,688 lots of 25 tonnes each on Friday evening.

-Reuters