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Vegoils: Palm oil edges higher, tracking gains in U.S. soyoil

Reuters  |  KUALA LUMPUR 

By Emily ChowKUALA LUMPUR (Reuters) - Malaysian palm oil futures edged higher on Friday after four sessions of declines, as it tracked gains in U.S. soyoil on the Chicago Board of Trade. The market, however, is seen to be range-trading pending further leads, said a Kuala Lumpur-based trader. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slightly was up 0.1 percent at 2,425 ringgit ($625.32) a tonne at the midday break. Palm is down 3.2 percent for the week, poised for its sharpest weekly decline in five weeks. Trading volumes stood at 14,551 lots ...

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First Published: Fri, April 13 2018. 11:17 IST