Energy Markets
Palm oil gains for the fifth week in a row on concerns over production
Malaysian palm futures gained on Friday, logging their fifth consecutive weekly gain. This is the longest winning streak in three years. Prices were supported by expectations of a weaker production. The benchmark contract for palm oil delivery in May on the Bursa Derivatives exchange gained 22 ringgit or 0.47% to 4,664 Ringgit ($1,056.16) per metric ton. This week, the contract rose by 1.57%. David Ng is a proprietary trader with Kuala Lumpur's trading firm Iceberg X Sdn Bhd. He said that the market was trading higher because of expectations for a lower output in Malaysia. This could lead to a...