Malaysian palm oil price slides on bearish forecasts, weaker related oils

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

KUALA LUMPUR: Malaysian palm oil futures fell for a second straight session on Thursday in its sharpest daily decline in a week on bearish production and inventory forecasts for August, while weakness in related edible oils also weighed.

Palm oil end-stocks in August are likely to have gained 9 percent to a six-month high of 2.41 million tonnes and output was seen rising 9.9 percent to 1.65 million tonnes, a Reuters poll showed.