Malaysian palm oil price climbs to one-week high on rising price outlook

Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago

KUALA LUMPUR: Malaysian palm oil futures reversed losses in its second half of trade on Thursday, rising to a one-week peak as sentiment turned  bullish on higher price forecasts from an industry conference. 

    The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange rose 1.1 percent to 2,198 ringgit ($534.53) a tonne in the evening, after climbing to a one-week top of 2,200 ringgit.