Palm oil tracks Dalian rivals higher, but set for second weekly loss
Malaysian palm oil futures opened higher on Friday, tracking stronger rival edible oils in Dalian market, although the contract is on track for a second weekly loss.
The benchmark June palm oil contract on the Bursa Malaysia Derivatives Exchange gained 12 ringgit, or 0.29%, to 4,212 ringgit ($949.50) a metric ton in early trade.
The contract fell 3.05% so far this week.
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