KUALA LUMPUR: Malaysian palm oil futures fell on Friday, putting it on course for a third consecutive weekly loss, as expectations of higher output in March and some profit-taking after previous session's sharp jump weighed on prices.
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 62 ringgit, or 1.66%, to 3,679 ringgit ($888.43).
It had climbed 3.5% in the previous session.
For the week so far, the contract is down 0.3%.
The Southern Peninsula Palm Oil Millers' Association on Thursday announced a 39% rise in production in March, traders said.
The Malaysian Palm Oil Board is scheduled to announce March supply and demand data on April 12.
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