Palm oil heads for weekly gain on supply worry, ringgit fall

On the technical front, prices are looking increasingly weak as they failed to sustain above the 3,000 ringgit mark.

KUALA LUMPUR: Palm oil headed for a second week of gains on supply concerns and as a weaker Malaysian currency made it cheaper for overseas buyers.

The ringgit was on track for a weekly loss as a renewed spike in domestic coronavirus cases and political uncertainty put investors on guard.