Palm rises on stronger rival oils; on track for weekly gain
Malaysian palm oil futures rose for a third straight session and were set for a weekly gain on Friday, tracking strength in rival edible oils, though weaker crude oil prices and a firmer ringgit capped the rise.
The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 55 ringgit, or 1.44%, to 3,931 ringgit ($937.74) a metric ton as of 0255 GMT.
The contract has so far gained about 3.1% for the week.
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