The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange surged 2.4 percent to 2,608 ringgit ($638) per tonne at the end of the trading day. It earlier reached a new three-week and intraday high of 2,612 ringgit. Traded volume stood at 48,005 lots of 25 tonnes each on Friday.
KUALA LUMPUR: Malaysian palm oil futures fell on Friday, a fourth market session of falls this week, weighed down by declining rival oils and expectations of higher output in April.
They have fallen 0.9 percent so far this week, on track for a second consecutive weekly decline.
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