Crude palm oil futures on the Bursa Malaysia Derivatives exchange are expected to be weaker on Friday, with attention turning to a normal seasonal increase in production at a time when weaker currencies in key emerging markets hit demand views.
On Thursday, Bursa Malaysia front-month palm oil futures for November dropped 1 percent to 2,218 ringgit (US$540.32) a metric ton at the close of trading, its sharpest daily decline in nearly two weeks, and reached a low of 2,217 ringgit, its weakest since August 16.
Trading volumes reached 37,561 lots of 25 metric tons each.
