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Malaysian Palm Oil Output To Drop For Third Year On Labour Crunch

Benchmark prices for November delivery rose as much as 1.6% to 3,749 ringgit ($833) a ton on Thursday, after hitting a six-week low in the previous session. Palm oil is bottoming out on expectations of strong Indian demand in September, as well as the labor shortage that may curb production growth, said Paramalingam Supramaniam, a director at Selangor-based broker Pelindung Bestari Bhd.

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