Palm rebounds on firm Dalian soyoil, crude; set for second weekly gain

KUALA LUMPUR: Malaysian palm oil futures rebounded on Friday, on track for a second straight weekly gain, supported by firmer rival Dalian soyoil and crude oil prices.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 21 ringgit, or 0.43%, at 4,906 ringgit ($1,204.81) a metric ton in early trade.

The contract has risen 0.2% so far this week.