Palm oil ends two weeks of gains

KUALA LUMPUR: Malaysian palm oil futures logged their first weekly drop in three on Friday, as rising production and worries over demand outweighed cargo surveyor data showing strong exports in September so far. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 3 ringgit, or 0.11%, at 2,811 ringgit ($677.19).

Palm fell for a third straight session and was down 0.85% for the week. Dalian's most-active soyaoil contract gained 0.59%, while its palm oil contract rose 0.31%. Soyaoil prices on the Chicago Board of Trade were up 0.69%.