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Palm oil set for weekly gain on stronger rival oils

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By Reuters

JAKARTA: Malaysian palm oil futures rose on Friday, and were set for a weekly gain, as the contract tracked strength in rival vegetable oils on the Dalian and Chicago Commodity Exchange.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was up 7 ringgit, or 0.18%, at 3,977 ringgit ($839.92) per metric ton in the morning trade.

Malaysian palm oil futures higher

The futures have gained 3.35% so far this week.

Palm Oil

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