Palm Oil Falls Amid Profit-Taking, Higher Inventories — Market Talk
Bullish strength: 35/100
- Seasonal buying ahead of festivals in India is a key source of demand.
Bearish strength: 65/100
- Elevated palm oil inventories are weighing on prices.
- Profit-taking is contributing to the decline.
- The January contract fell 24 ringgit to 4,794 ringgit a ton.
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