Malaysian palm oil extended losses on Friday 3/2/2024 due to India’s plans to decrease edible oil imports and to increase oilseeds domestic production to become self-sufficient in edible oil production. At palm oi futures for April delivery lost RM 36 or 0.95% to 3762 ringgit ($ 797.88) per ton, the lowest closing since January 11th. Contract lost 6.35% for the week making the sharpest weekly decline since May 2, 2023.