Palm oil tracks Dalian rivals lower, set for weekly loss
Malaysian palm oil futures opened lower on Friday, tracking weakness in rival Dalian vegetable oils, and were set for a weekly drop.
The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange lost 21 ringgit, or 0.48%, to 4,312 ringgit ($961.64) a metric ton by 0233 GMT. The contract has declined 6.96% so far this week.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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