Malaysian palm oil firm, but suffer 3rd weekly fall on dismal demand.

Malaysian palm oil futures closed marginally higher on Friday but the market suffered its third straight weekly decline due to weak demand. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange finished 0.2 percent higher at 2,193 ringgit ($526.78) per tonne. Exports of Malaysian palm oil products for Sept. 1-10 fell 29 percent to 337,570 tonnes from 475,555 tonnes shipped during Aug. 1-10, cargo surveyor Societe Generale de Surveillance said on Wednesday.

On the technical front, palm oil may extend fall into a range of 2,148-2,166 ringgit per tonne, according to Wang...

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