Palm on track for fourth straight weekly drop

JAKARTA: Malaysian palm oil futures tracked rival Dalian soyoil lower on Friday and were on track for a fourth straight weekly drop.

The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 17 ringgit, or 0.41%, to 4,132 ringgit ($978.22) a metric ton by 0233 GMT.

It has fallen 2.07% so far in the week.