Palm tracks Dalian rivals lower, but set for second weekly gain

JAKARTA: Malaysian palm oil futures fell on Friday, weighed down by weakness in Dalian vegetable oil prices, but were set for a second straight weekly gain.

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 24 ringgit, or 0.52%, at 4,582 ringgit ($1,123.59) a metric ton in early trade.

The contract has risen 1.53% for the week.