Palm closes lower but logs second weekly gain
KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday as pressure from higher inventories weighed on the market, but the contract still logged a second week of gains. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 13 ringgit, or 0.28%, at 4,711 ringgit ($1,153.53) a metric ton at the close. The contract rose 0.73% this week.…
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