KUALA LUMPUR: Palm oil futures are headed for their steepest weekly drop in 11 months on concerns that demand from key buyers will dissipate as Malaysia reported a slump in export data.
Prices in Kuala Lumpur are down 9.1% so far this week, the most since the week ending Feb. 28. Palm, used in everything from cookies to cosmetics and biofuel, plummeted 4.5% on Thursday and briefly climbed early Friday, before reversing
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