VEGOILS-Palm rises on stronger rival edible oils, crude
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Malaysian palm oil futures rose on January 26, supported by gains in rival edible oils and crude oil prices, despite a stronger ringgit limiting the increase. The benchmark palm oil contract for April delivery gained 5 ringgit to 4,180 ringgit per metric ton. Dalian's soyoil and palm oil contracts also saw increases. Malaysian palm oil exports for early January rose nearly 10%. Analysts suggest palm oil may revisit its recent high of 4,214 ringgit per ton, with support around 4,149 ringgit.
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