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IOI Group: Palm oil prices are expected to continue to stay above 4,000 Malaysian Ringgit per ton support in the next three months.
IOI Group: Due to the strengthening of the Malaysian Ringgit, the delayed implementation of Indonesia’s B50 biodiesel mandate, and high inventory levels in Malaysia, palm oil prices may be suppressed. Over the next three months, palm oil prices are expected to continue to stay above MYR 4,000 per ton.