KUALA LUMPUR (Reuters) - Palm oil futures reversed early gains on Thursday to close at their lowest in seven weeks, as concerns over weaker June partial exports outweighed smaller-than-expected inventories at the end of May.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed down RM26, or 0.67%, at RM3,845 a tonne, after rising as much as 2% during the day.
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