Palm oil tracks Dalian rivals lower but set for weekly gain
Malaysian palm oil futures tracked rival Dalian oils lower on Friday, but were on track for a second consecutive weekly gain amid concerns about lower production.
The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange fell 7 ringgit, or 0.17%, to 4,060 ringgit $862.73) a metric ton in early trade. The contract has gained 3.58% so far in the week.
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