Malaysian palm oil price falls 1% on rising production outlook

Malaysian palm oil futures ended higher on Wednesday, tracking buoyant soy oil and crude oil prices, and prompting short covering among traders.

KUALA LUMPUR: Malaysian palm oil futures fell 1 percent on Friday, ending four straight days of gains on forecasts for rising production in March.

"Production figures are likely to be higher this month," said a Kuala Lumpur based trader, as March has more working days than February and output then tends to rise in line with seasonal trends.