Malaysian palm oil futures climbed almost 3% to a 2-month high above RM4,200 a tonne on Friday, extending gains for the fifth consecutive week which is the longest winning streak since mid-June 2020 lifted by declining production in No 2 producer Malaysia and strong demand from top buyer India. Lack of manpower and coronavirus-led restrictions in Malaysia are hampering prospects of large harvests in the seasonal peak production months during the third quarter of the year. Meantime, Indian palm demand from the world’s largest producer Indonesia is growing on higher supply levels and improved discounts. On the data front, exports of Malaysian palm oil products for July 1-20 fell 9.6% to 869,542 tonnes from June 1-20 amid lower shipments to India and China, according to cargo surveyor Societe Generale de Surveillance; and the Southern Peninsula Palm Oil Millers’ Association estimated production during July 1-15 fell by 3.5% from a month earlier.