SINGAPORE: Malaysian palm oil futures rose on Friday after top producer Indonesia confirmed the extension of export controls, though the plunge in edible imports to India limited gains.
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange rose 7 ringgit, or 0.2% to 3,789 ringgit ($798.52) a metric ton in the morning trade.
Palm oil rises by more than 2% as Indonesia extends export curbs
The benchmark contract has gained 0.3% so far in the week, and is headed for its fourth consecutive weekly rise.
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