Palm Oil Ends Little Changed as Output Decline Counters Exports
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Palm oil ended little changed as a bigger-than-expected drop in output in Malaysia last month countered a decline in exports from the second-largest supplier.
The contract for May delivery ended at 2,450 ringgit ($787) a metric ton from 2,448 ringgit yesterday on the Malaysia Derivatives Exchange. Futures have lost 26 percent in the past year on rising global oilseed supplies and slowing demand.