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KUALA LUMPUR: Malaysian palm oil futures rose on Friday and were on track for a weekly gain, with markets awaiting export estimates due later in the day.
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 40 ringgit, or 1%, to 4,033 ringgit ($858.09) per metric ton during early trade.
Malaysian palm oil falls on profit-taking
The contract has gained about 3.8% for the week so far.