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RTRS-Palm oil prices may fall to 1,500 ringgit -Fry

Posted by Flora Sawita Labels:

KUALA LUMPUR, March 12 (Reuters) - Malaysian crude palm oil futures may fall back to 1,500 ringgit, felled by slow demand and lower crude oil prices, a top industry analyst said on Thursday.
"We would be set for a soft landing, with BMD futures settling in the 1,400-1,500 ringgit range, that is on trend," James Fry, chairman of commodities consultancy LMC International, said.

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