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Palm oil rally seen fizzling out

COMING DOWN: Analysts say that palm oil is unlikely to climb beyond its current price of RM2,300 a tonne

Kuala Lumpur

A RALLY in the price of palm oil to three-month highs may run out of steam as buying ahead of the Muslim festival of Ramadan fades and markets brace for growing supply as the main harvest approaches, traders and analysts said.

With only around a week left of what is