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.
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