Palm gains for 4th day on slower-than-forecast output growth

Malaysian palm oil futures fell on Thursday from 6-1/2 month highs, snapping three sessions of gains due to bearish price forecasts from a key industry analyst.

KUALA LUMPUR: Malaysian palm oil futures traded higher on Friday ahead of the release of official data for September, charting a fourth straight day of gains and finishing the week stronger after two consecutive weeks of decline.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was up 0.4 percent at 2,730 ringgit ($644.48) a tonne at the close of trade.