Malaysian palm oil hits near 3-wk low as China, US soy markets drag
date:Jan 08, 2014
l 1.1 percentin late Asian trade, while the most active May soybean oilcontract on the Dalian Commodities Exchange dropped 1.8percent.

The market has been a bit depressed over the past few daysbecause of weakness in these external agricultural products,said a trader with a foreign commodities brokerage in Malaysia.

The actual support is now 2,550 ringgit. But if we havepersistent weakness in the U.S. and China markets, then ourmarket has no choice but to follow, the trader added. Only therin
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