Palm Oil Ends Five-Day Rally Before Holiday, Paring Weekly Gain
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Palm oil dropped for the first time in six days after some investors sold ahead of a long weekend.
November-delivery futures fell 1.1 percent to 2,644 ringgit ($850) a metric ton, the most in more than a week, paring the weekly advance to 2.9 percent. Prices advanced 5.5 percent in five days through yesterday amid speculation China, the biggest vegetable oil consumer, may boost soybean and palm oil imports.