Palm Oil Drops to One-Week Low as Inventories Seen Near Record
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Palm oil declined to a one-week low on concern that inventories in Malaysia, the biggest supplier after Indonesia, will stay near a record even as production decreases because of the low-output season.
The contract for delivery in April ended at 2,547 ringgit ($822) a metric ton on the Malaysia Derivatives Exchange, the lowest price at close for the most-active contract since Jan.