Bursa Malaysia crude palm oil futures seen weaker on output trends

Malaysia ringgit notesMalaysia ringgit notes

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.

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