Malaysian palm oil price falls, Feb output decline seen slower than forecast

Malaysian palm oil futures dropped from an eight-week high on Thursday, falling as much as 1.4 percent in the second half of trade, weighed down by weaker soyoil on the U.S. Chicago Board of Trade (CBOT) and profit taking.

KUALA LUMPUR: Malaysian palm oil futures fell to a one-month low on Wednesday with traders expecting a slower than forecast decline in February output.

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange was down 0.7 percent at 2,245 ringgit ($552.41) a tonne at the close of trade.