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MPOC sees palm oil prices holding steady above 1,041 USD per ton in 2026

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KUALA LUMPUR, Oct. 22 (Xinhua) — Palm oil prices are projected to hold steady above 4,400 ringgit (1,041 U.S. dollars) per tonne amid uncertainties in 2026, the Malaysian Palm Oil Council (MPOC) said Tuesday.

The council said in a statement that market sentiment remains cautious amid weak crude oil prices, high vegetable oil inventories in major consuming markets, intensifying trade tensions and a buildup of gl

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