Author: admin

  • Is Regis Healthcare Limited (ASX:REG) Trading At A 28% Discount?

    Is Regis Healthcare Limited (ASX:REG) Trading At A 28% Discount?

    • Regis Healthcare’s estimated fair value is AU$10.45 based on 2 Stage Free Cash Flow to Equity

    • Regis Healthcare is estimated to be 28% undervalued based on current share price of AU$7.52

    • Our fair value estimate is 29% higher than Regis Healthcare’s analyst price target of AU$8.08

    In this article we are going to estimate the intrinsic value of Regis Healthcare Limited (ASX:REG) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. There’s really not all that much to it, even though it might appear quite complex.

    We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

    We’ve found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

    We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

    Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

    2026

    2027

    2028

    2029

    2030

    2031

    2032

    2033

    2034

    2035

    Levered FCF (A$, Millions)

    AU$188.6m

    AU$205.3m

    AU$133.5m

    AU$139.8m

    AU$146.4m

    AU$136.5m

    AU$131.3m

    AU$128.9m

    AU$128.4m

    AU$129.2m

    Growth Rate Estimate Source

    Analyst x3

    Analyst x3

    Analyst x1

    Analyst x1

    Analyst x1

    Est @ -6.75%

    Est @ -3.84%

    Est @ -1.80%

    Est @ -0.38%

    Est @ 0.62%

    Present Value (A$, Millions) Discounted @ 6.4%

    AU$177

    AU$181

    AU$111

    AU$109

    AU$107

    AU$94.0

    AU$85.0

    AU$78.4

    AU$73.4

    AU$69.4

    (“Est” = FCF growth rate estimated by Simply Wall St)
    Present Value of 10-year Cash Flow (PVCF) = AU$1.1b

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  • Tomatoes in The Galapagos Islands Appear to Be Evolving in Reverse : ScienceAlert

    Tomatoes in The Galapagos Islands Appear to Be Evolving in Reverse : ScienceAlert

    The idea of evolution backtracking isn’t a completely new idea, but catching it in action isn’t an everyday experience.

    A newly documented example of wild growing tomatoes on the black rocks of the Galapagos Islands gives researchers a prime example of a species adapting by rolling back genetic changes put in place over several million years.

    Researchers from the University of California, Riverside (UC Riverside) and the Weizmann Institute of Science in Israel say it’s evidence that species can wind back changes that have happened through evolution.

    Related: Ferns Can Evolve Backwards, Challenging a Common Assumption on Life

    “It’s not something we usually expect,” says molecular biochemist Adam Jozwiak, from UC Riverside. “But here it is, happening in real time, on a volcanic island.”

    The researchers studied the chemical structures of tomatoes and related. (Jozwiak et al., Nature Communications, 2025)

    Through an analysis of 56 tomato samples taken from the Galapagos, covering both the Solanum cheesmaniae and Solanum galapagense species, the team looked at the production of alkaloids in the plants: toxic chemicals intended to put off predators.

    In the case of the S. cheesmaniae tomatoes, different alkaloids were found in different parts of the islands. On the eastern islands, the plants come with alkaloids in a form comparable to those in the cultivated fruit from the rest of the world; but to the west, an older, more ancestral form of the chemicals were found.

    This older version of the alkaloid matches the one found in eggplant relatives of the tomato stretching back millions of years.

    Through further lab tests and modeling, the researchers identified a particular enzyme as being responsible for this alkaloid production and confirmed its ancient roots. A change in just a few amino acids was enough to flip the switch on the alkaloid production, the researchers determined.

    De-evolved tomatoes
    De-evolved tomato species from the Galapagos. (Adam Jozwiak/UC Riverside)

    There are other isolated examples of evolutionary backflips known scientifically as genetic atavisms, where a mutation causes a species to revert to expressing an ancestral trait. These include experiments on chickens that have been genetically tweaked to revive their ancient programming for growing teeth.

    The difference in this case is a critical change has propagated through entire populations. In some plants, multiple genes have reverted, suggesting strong selection pressures are involved.

    What makes it an even more interesting shift is that the western parts of the Galapagos islands are younger – less than half a million years old – and more barren. It seems environmental pressures may have driven these steps back into evolutionary history.

    Besides being a fascinating example of how evolution turns around on itself, the research also opens up possibilities for advanced genetic engineering that works with even greater control, altering plant chemistry for multiple benefits.

    “If you change just a few amino acids, you can get a completely different molecule,” says Jozwiak. “That knowledge could help us engineer new medicines, design better pest resistance, or even make less toxic produce.”

    “But first, we have to understand how nature does it. This study is one step toward that.”

    The research has been published in Nature Communications.

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  • NotebookLM started as a Google Labs experiment, so I tested other Labs projects to see how they stack up

    NotebookLM started as a Google Labs experiment, so I tested other Labs projects to see how they stack up

    NotebookLM started off as a Google Labs experiment, under the code name “Project Tailwind” in 2023. If you aren’t familiar with Google Labs, it’s basically Google’s experimental playground, where the company tests out early-stage AI tools and features before deciding whether they’re worth rolling out widely.

    Though NotebookLM is one of the experiments that survived and is now widely available for anyone to try out, Google has a long list of other Labs projects that the company is experimenting with. After testing out NotebookLM’s competitors, I figured it was only fair to see how the rest of Google’s Labs experiments stack up.

    Related

    NotebookLM is already great, but these 4 features would make it even better

    Good? Yes. Perfect? Not yet.

    Illuminate

    Like NotebookLM’s Audio Overviews, but better

    For the first Labs experiment I properly tried out, I figured it made sense to go with something that felt close to NotebookLM. That’s where Illuminate, a Google Labs experiment that’s “dedicated to fostering learning” and can turn research papers into AI-generated audio summaries (like NotebookLM’s Audio Overviews), comes in.

    When you first head to Illuminate’s website, you’ll have the option to listen to a conversation about a few research papers curated by Google. A play icon, along with the duration of the Audio Overview, is displayed right below each title. Upon clicking it, you’ll hear a two-person AI-generated conversation between two virtual AI hosts, a male and a female.

    There’s also a small hand icon at the bottom (like the Raise Hand icon in Meet). Clicking it pulls up a Q&A section where you can ask questions related to the paper being discussed. It also shows example prompts to help you get started, and gives three follow-up questions after each query to keep things going.

    The answers are clear and to the point. Like NotebookLM, Illuminate only references the source (the research paper, in this case) to answer your queries. This means the chances of the AI simply telling you what you want to hear, even if it’s inaccurate, are slim to none. For instance, I asked Illuminate what XDA is, and it said:

    Thanks for the question. I can only answer questions directly related to the content.

    Other than listening to the already-created Audio Overviews on Illuminate, you can create your own too by switching to the Generate section. You can upload a URL of any web content, and Illuminate will convert it into an AI podcast, as long as it isn’t paywalled content. Illuminate gives you a lot more control than NotebookLM, which I appreciate.

    Related

    Until NotebookLM, I never believed AI could be this game-changing for productivity

    It transformed my view of AI, for the better.

    Learn About

    An actual AI study Buddy

    Google's Learn About tool

    Though NotebookLM isn’t limited to students only, and I use it for various other tasks like preparing for job interviews myself, I’d be lying if I said I don’t primarily use it for studying. I’m a full-time student, and studying isn’t easy. And NotebookLM makes it a lot more manageable.

    Another Google Labs experiment the company is working on where the primary focus is “learning” is Learn About. It’s an AI-powered learning companion that’s pretty much supposed to act like a personal tutor. When you head to the experiment’s website, the first page you’ll see is “What would you like to learn today?,” where you can type in any topic you’d like to study.

    To test it out, I thought the best idea was to try and see how it’d teach me a topic I was already familiar with. Since I’m a computer science major, I typed in “teach me the basic syntax of Python.” Within seconds, the AI tool responded with an in-depth answer that had multiple interactive elements.

    In this example, the answer included an interactive list of the “Key Elements of Python Syntax,” which showed a relevant image of each element and a short snippet.

    Google Labs Key Elements of Photo Syntax

    And if I wanted to learn more about a certain element, all I had to do was click on it. The answer included examples of basic Python syntax, and even a learning card called “Stop and Think.”

    The learning card was probably what I liked most about Learn About. It basically presented a fact about Python syntax and then posed a question. After you stopped and thought about it, clicking the Tap and reveal button would display the answer.

    Google Labs Stop and Think card

    Like NotebookLM and Gemini, citations were always present next to each claim, and hovering over a citation revealed the exact text where Learn About pulled the information from.

    I decided to click on one of the interactive elements from the list I mentioned earlier, and it explained that particular element (indentation) in depth with a table (that included the rule, explanation, and a conceptual example) and images.

    Here’s another tidbit I loved: the explanation included a “Common misconception” learning card, which, as the name suggests, called out a common misconception.

    There was also a Comprehension check button at the bottom, which said:

    Comprehension check

    Now that we’ve covered the rules of Python indentation, try explaining in your own words why it’s so important and what happens if it’s incorrect.

    Why is indentation critical in Python, and what is the consequence of incorrect indentation?

    It included a text box where I could type my answer and get feedback on it! It then assessed my response and highlighted its strengths and weaknesses. After every question you asked, it would suggest related content, which I found really helpful. There was also the option to simplify the explanation, get a more in-depth answer, or view related images.

    What I loved about Learn About is how interactive and aesthetically pleasing the tool was. It made learning new information a lot more intuitive. And it’s easy to tell it’s made for the sole purpose of learning something new and supporting active learning, rather than just spitting out information like other AI chatbots.

    The ability to adjust the complexity of the explanation, get instant feedback, and explore visuals all in one place made it feel less like I was using a chatbot and more like I was inside a digital study room built just for me.

    Related

    5 ways NotebookLM completely changed my workflow (for the better)

    Hey Siri, how did I ever survive before NotebookLM?

    Little Language Lessons

    Like Duolingo, but with an AI twist

    Google's Little Language Lessons

    The Little Language Lessons contain three “bite-sized learning experiments,” all powered by Google’s multimodal large language model (LLM), Gemini. The best part is all of them are uniquely refreshing, and I haven’t seen them done before.

    The first bite-sized experiment within this collection is Tiny Lessons, where you can describe a situation (like ordering coffee) and it’ll compile useful vocabulary, phrases, and grammar tips in a language of your choice.

    For instance, some vocabulary words it suggested for me, both in English and the language I chose, were: coffee, milk, sugar, hot, cold, and more. It suggested genuinely useful phrases like “Give me a coffee,” “How much does it cost?,” and “Do you have iced coffee?”

    Google labs hindi for ordering coffee

    Lastly, it suggested a grammar tip, where the AI explained that being polite while ordering coffee is key, and adding “please” in the language I had chosen would be the way to go!

    If you travel often and feel like you sound too formal when speaking a foreign language, the next bite-sized example, Slang Hang, is something you’ll love. It allows you to “generate a realistic conversation between native speakers” on a randomized scenario. For instance, this is the scenario I got:

    Setting: A bustling outdoor farmers market in Moscow on a crisp autumn morning. Anya, a young art student, is sketching the vendors when she overhears a conversation between Dmitri, a middle-aged farmer, and a customer.

    Though the entire conversation will be in the language you’re learning, you can translate it to your native language as well. You can also click the speaker icon to listen to the pronunciation, which I found incredibly helpful.

    The last experiment, Word Cam, is best for when you can’t think of words in another language for things right in front of you. All you need to do is snap a photo, and Gemini will detect the objects in the image and label them in your target language.

    Word Cam Google Labs experiment

    It’ll also include additional words you can use to describe the objects, which can really help when learning new languages.

    Related

    3 productivity tools I pair with NotebookLM to instantly boost my workflow

    Why use it alone when it’s even more powerful with the right support?

    Google Labs is definitely up to something

    The three experiments I walked through above are just some of the projects Google’s currently working on. You can find a lot more on the Google Labs website’s Experiments section. After trying the abvove and many others out, I can say with complete confidence that Google’s up to something, and it’s clear that it didn’t just get lucky with NotebookLM.

    There’s real thought and experimentation going into each of these tools, even if some feel a bit early or niche, they’re all pushing toward the same goal: making learning and information access smarter, more interactive, and a lot less boring.

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  • Bezos Will Beat Musk to Mars.. That has to hurt… | by Will Lockett | Jul, 2025

    Bezos Will Beat Musk to Mars.. That has to hurt… | by Will Lockett | Jul, 2025

    New Glenn — Blue Origin

    That has to hurt…

    Like many of you, I don’t think billionaires should exist. It’s not migrants, the disabled, Muslims or trans people making life a pain; it’s these rich eejits doing everything they can, including trying to topple our democracies, so they can strip us of as much wealth as possible. Through this lens, the new-age private space race just looks like a painful dick-swinging competition between the worst people on planet Earth. But we can expect even worse dick-swinging to come, because Bezos’ Blue Origin has now been predicted to eventually beat Musk’s SpaceX to Mars. Grab your popcorn, because this is going to get messy!

    Firstly, how has this happened?

    Well, Blue Origin’s New Glenn rocket, which successfully reached orbit with a 20-tonne payload on its first test launch (take note, Elon!), is in the process of undergoing its second flight. They conducted static fire tests of its second stage way back in April, and according to Ars Technica, they are now in the final stages of preparation, with a launch in September or August looking likely.

    New Glenn isn’t as large as Starship, but it is still bigger than SpaceX’s ubiquitous Falcon 9 and categorised as a heavy-launch vehicle. That means it can carry serious payloads to other celestial bodies, such as the Moon or Mars. As such, it is actually…

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  • Iran Supreme Leader Khamenei in first public appearance since Israel war

    Iran Supreme Leader Khamenei in first public appearance since Israel war

    Iran’s Supreme Leader Ayatollah Ali Khamenei has made his first public appearance since the start of Iran’s conflict with Israel, according to state media.

    State television footage showed him greeting worshippers at a mosque on Saturday during a ceremony a day before the Shia festival of Ashura.

    Khamenei’s last appearance was in a recorded address during the conflict with Israel, which began on 13 June and during which top Iranian commanders and nuclear scientists were killed.

    Israel launched a surprise attack on nuclear and military sites in Iran, after which Iran retaliated with aerial attacks targeting Israel.

    During the 12-day war with Israel, Khamenei appeared on TV in three video messages and there was speculation that he was hiding in a bunker.

    On Saturday Iranian media coverage was dominated by Khamenei’s appearance, with footage of supporters expressing joy at seeing him on television.

    Khamenei is seen turning to senior cleric Mahmoud Karimi, encouraging him to “sing the anthem, O Iran”. The patriotic song became particularly popular during the recent conflict with Israel.

    State TV said the clip was filmed at Tehran’s Imam Khomeini Mosque, named after the founder of the Islamic republic.

    Iranian TV has invited people to send in videos sharing their reactions to Khamenei’s return to the public eye.

    His appearance comes as the predominantly Shia Muslim country observes a period of mourning during the month of Muharram, traditionally attended by the supreme leader.

    Ashura is held on the 10th day of Muharram – this year falling on 6 July – during which Shia Muslims commemorate the death of Prophet Muhammad’s grandson, Hossein.

    On 26 June, in pre-recorded remarks aired on state television, Khamenei said Iran would not surrender to Israel despite US President Donald Trump’s calls.

    The US joined the war with strikes on Iranian nuclear facilities on 22 June.

    The operation involved 125 US military aircraft and targeted three nuclear facilities: Fordo, Natanz and Isfahan.

    Iran’s judiciary said more than 900 people were killed during the 12-day war.

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  • Take a rare look inside the lab where Apple tests the durability of its new iPhone models

    Take a rare look inside the lab where Apple tests the durability of its new iPhone models

    According to Counterpoint, Apple has 200 durability labs that it uses to put hardware through extremely rough tests to make sure that products like the iPhone can survive real-life usage. It’s these tests that are run inside the labs that allow iPhone units to retain 40% more value than Android phones in the market for refurbished devices. Counterpoint also points out that the iPhone owns a 56% share of the global refurbished smartphone market.

    How Apple tests its devices to see how they hold up against water, drops, vibrations and more

    It’s not just the iPhone that holds more value than its rival, non-Apple devices. Counterpoint says that similar performance is seen with other products such as the Mac, iPad, Apple Watch, and AirPods. Counterpoint took notes of what it saw during its walk through one of Apple’s durability labs. The first tests that Counterpoint mentioned covered how these products would hold up in different environments.

    With Apple devices available in over 175 countries, the company tests how warm and humid conditions affect its products. Counterpoint spotted a test to see how 100 hours of exposure to salt affects Apple devices. Apple also exposes Apple products to sand from the Arizona desert to see how the iPhone responds when fine sand particles find a home inside the iPhone’s speaker grille or charging port. Other tests used artificial versions of sweat and earwax created in the lab to see how these products hold up to constant exposure of the real things.

    Many of you are probably interested in learning how Apple tests its products to determines how they hold up to liquid and water exposure. In its labs, Apple simulates rain and other conditions that reveal the level of water resistance on individual products. First is the drip ceiling test which might not be actual rain, but is an incredible simulation. If the device passes this test, it is eligible for an IP X5 rating. The X means that the product has not been tested for dust resistance.

    The next test measures how Apple’s devices stand up to high pressure water jets from a distance. Passing this test gives this product an IP X6 rating. Apple tests for IPX7 and IPX8 ratings by using a pressurized tank simulating water depths of up to one meter and six meters, respectively. While this protection is valid for iPhones being submerged in clear water, the company tests other liquids, including sodas, juices, sunscreens, and perfumes.

    The maximum IP score available on the most recently released iPhone 16 series is the IP68 Ingress Protection rating for the iPhone 16 Pro and iPhone 16 Pro Max. This rating means that these handsets are impervious to dust and can be submerged in up to over 19 feet of clear liquid for up to 30 minutes.

    The drop test might be the most visually interesting test to view

    The next series of tests measures how Apple products respond to drops. Counterpoint says that an “accidental drop” is among the top three reasons why a phone needs to be repaired. Counterpoint saw tests “simulating a variety of randomized, accidental drops that Apple products may experience in everyday use.” To help with the drop tests. Apple has created a klutzy robot that drops devices at various angles and on various surfaces including asphalt, particle, and granite boards. Each drop is analyzed by Apple using a special app used by company engineers.

    The last test measures how Apple devices stand up to vibrations. Products are placed on a table that recreates the different types of vibrations that these products might face in transit or during other conditions.

    Counterpoint says that it was impressed with Apple’s attention to detail, along with the large number of iPhone units tested before launch. The report says that Apple will test at least 10,000 handsets before unveiling the latest models. The iPhone 17 series, expected to include the ultra-thin iPhone 17 Air, should be introduced in early September and released later that same month.

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  • Physical Activity as a Lifestyle Intervention for Type 1 Diabetics: A Comprehensive Review

    Physical Activity as a Lifestyle Intervention for Type 1 Diabetics: A Comprehensive Review


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  • Dar satisfied with state of economy

    Dar satisfied with state of economy

    LAHORE: Deputy Prime Minister and Foreign Minister Ishaq Dar said on Saturday that inflation rate in the country has dropped while the country’s foreign reserves reached $14.5 billion.

    “Prime Minister Shehbaz Sharif is endeavouring to improve the country’s economy and Pakistan is now set to progress,” Ishaq Dar said while speaking to the media after performing ‘Ghusl’ ceremony at the shrine of great saint Hazrat Data Ganj Bakash Saturday.

    He said the country’s image has improved in the comity of nations and Pakistan has signed $2 billion investment agreement with Azerbaijan.

    Country ready for ‘digital revolution’, says Dar

    When asked about media reports regarding expected meeting between the three-time prime minister Nawaz Sharif and the former prime minister and PTI founder Imran Khan, the PML-N senior leader termed it as mere a ‘speculation and somebody’s desire’ but there was no truth in it. He made it clear that Nawaz Sharif did not require meeting anybody.

    Responding to another question regarding joining the Pakistan People’s Party (PPP) to the cabinet, Dar said the PPP had not yet shown any desire to join the federal cabinet. “PPP is an ally of the PML-N in the Center and will remain so and they would give more respect to them,” he said, adding: “The ruling alliance now enjoys a two-third majority in the National Assembly (NA).”

    Talking about Indian aggression, Dar said Pakistan inflicted a humiliating defeat upon India on the night between May 9 and 10. “Pakistan downed six planes of the Indian Air Force,” he said, adding, “The hostile neighbour will never forget the lesson Pakistan taught it.” However, there are always challenges in such a situation. Regarding Israeli aggression against Iran, he said that Pakistan strongly condemned it. Iran has now realized that Pakistan is its true friend. In the Iranian parliament, gratitude was expressed to Pakistan for its support during the war with Israel, he added.

    Talking about expansion of Data Darbar, he said hopefully the project would be completed before the next years ‘Ghusl’ ceremony of the Mazar. He added that Chief Minister Maryam Nawaz has already accorded approval to the expansion/ renovation work.

    Copyright Business Recorder, 2025

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  • Japanese rubber futures gain – Markets

    Japanese rubber futures gain – Markets

    SINGAPORE: Japanese rubber futures advanced on Friday, marking their third consecutive weekly gain with adverse weather in Thailand and China raising supply concerns, even as sluggish demand and high inventories capped the upside.

    The Osaka Exchange (OSE) rubber contract for December delivery ended daytime trade up 1.6 yen, or 0.52%, at 312.1 yen ($2.16) per kg. The contract has climbed 0.77% this week.

    The rubber contract on the Shanghai Futures Exchange (SHFE) for September delivery dipped 50 yuan, or 0.36%, to 14,005 yuan ($1,955.08) per metric ton.

    The most active August butadiene rubber contract on the SHFE gained 5 yuan, or 0.04%, to 11,275 yuan ($1,573.97) per ton. Top rubber producer Thailand’s meteorological agency warned of heavy rains and accumulations that may cause flash floods and overflows.

    China’s ‘Sanfu Season’, a period of intense heat which typically begins in mid-July and lasts through late August, has arrived unusually early this year in eastern China. Beyond damaging crops and eroding farm incomes, these rising temperatures can also impact manufacturing hubs and interfere with operations in key port cities.

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  • Malaysian palm oil drifts lower – Markets

    Malaysian palm oil drifts lower – Markets

    KUALA LUMPUR: Malaysian palm oil futures closed lower on Friday, weighed by weaker rival edible oils at the Chicago and Dalian markets and by profit booking, though the contract still managed to post its seventh weekly gain in eight.

    The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange slid 29 ringgit, or 0.71%, to 4,062 ringgit ($963.02) a metric ton at the close. The contract rose 1.27% this week.

    Crude palm oil prices were lower, tracking weakness in soybean oil and Dalian palm olein prices, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.

    “Profit-taking activities after the recent price rally also affected the market,” he added.

    Dalian’s most-active soyoil contract fell 0.95%, while its palm oil contract shed 0.07%. Soyoil prices on the Chicago Board of Trade lost 0.96%.

    Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil futures fell slightly after Iran reaffirmed its commitment to nuclear non-proliferation, while major producers from the OPEC+ group are set to agree to raise their output this weekend.

    Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm’s currency of trade, strengthened 0.05% against the dollar, making the commodity slightly expensive for buyers holding foreign currencies.

    Malaysia’s palm oil inventories likely dropped for the first time in four months in June as production fell unexpectedly while export demand remained robust for the tropical oil, a Reuters survey showed.

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