Palm falls on weak rivals, set for first weekly drop in five

JAKARTA: Malaysian palm oil futures declined for a second session on Friday, mirroring rival edible oils in Chicago and Dalian markets and on track to post its first weekly drop in five weeks.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange lost 9 ringgit, or 0.21%, at 4,197 ringgit a metric ton, as of 0237 GMT.

The contract has lost 0.8% for the week.