KUALA LUMPUR - Malaysian palm oil futures hit an over one-week low on Friday and logged a second straight weekly loss, hit by expectations of higher supply from major producers Indonesia and Malaysia.
Palm had earlier declined as much as 3.2% after a report by the Malaysian Palm Oil Board that surpassed industry surveys. Cargo surveyors reported that Malaysia's exports during Sept. 1-10 rose between 50% and 57% from the same period in August due to larger shipments to India and China.
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