JAKARTA: Malaysian palm oil futures rose on Friday, supported by gains in Dalian and Chicago soyoils, but were poised for a monthly drop as sluggish exports and a stronger ringgit weighed on prices.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.9%, to 4,041 ringgit ($1,039.89) a metric ton by 0232 GMT.
The contract has fallen 4.4% so far in February, heading for its steepest monthly decline since April 2025.
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