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Xinhua Asia-Pacific news summary at 1600 GMT, Aug. 11

KUALA LUMPUR — Market analysts at the CGS-CIMB Research in Malaysia on Thursday predicted crude palm oil (CPO) prices would weaken in the near term due to stiffer competition from the Indonesian palm oil.

The CGS-CIMB Research said in a note that the CPO products would be traded at a price range from 4,000-5,000 ringgit (900-1,125 U.S. dollars) per ton in August. (Malaysia-Palm Oil)

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