Malaysian palm oil futures rebounded from three consecutive losses on Friday due to higher rival oils such as soyoil, but still fell 3.18% for the week. The September delivery contract on the Bursa Malaysia Derivatives closed 1.74% higher at 3,624 ringgit ($775.35) per metric ton. The increase was driven by strength in soybean oil prices on the Chicago Board of Trade. India's palm oil imports in June are expected to rise by 46% to their highest in three months. Malaysia has maintained its July export tax for crude palm oil at 8% and lowered its reference price.