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Malaysia's Crude Palm Oil Futures Likely Open Lower on July 2 as Crude Oil Weakens

GateNews
Commodities
According to media reports, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives exchange are likely to open lower on the morning of July 2, primarily reflecting weakness in international crude oil futures. International crude oil futures fell over 1% on Wednesday, with Brent crude futures declining further during Thursday's electronic trading session, which will weigh on Malaysian crude palm oil futures. However, Malaysia's palm oil exports remain robust, supported by Indonesia, the world's top palm oil exporter, officially launching its B50 biofuel blending policy to provide market support.
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