Malaysian palm oil price snaps four days of losses on likely lower Feb output

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 jumped more than 1 percent in the second half of trade on Thursday, ending the day higher on expectations of slowing February output in line with seasonal trend and improving exports.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 1 percent at 2,272 ringgit ($557.68) a tonne at the close of trade, snapping four days of losses.