KUALA LUMPUR, March 12 - Malaysian palm oilfutures looked set on Friday to post their best week in nearlyfive-and-a-half years, as prices rose for an eighth straightsession and hit a fresh 13-year high on the back of tightinventories and strength in rival soyoil.

The benchmark palm oil contract for March deliveryon the Bursa Malaysia Derivatives Exchange rose 61 ringgit, or1.5%, to 4,121 ringgit a tonne by 0351 GMT.