Reuters (27/04/2020) - PALM OIL

Malaysian palm oil futures extended losses on Friday, tracking declines on the Dalian Commodity Exchange, to record their biggest weekly drop in eight as an historic crude oil rout made them less attractive for biodiesel feedstock.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange closed down 2% at 2,076 ringgit ($476.15) per tonne, after two straight sessions of gains.

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