Malaysian palm oil/Vegoils: Market factors to watch Tuesday Oct 18

Malaysian palm oil futures rose for a second session in four on Friday as better performing rival soy oil gave the market a late boost even though a stronger ringgit MYR= weighed on prices earlier in the day.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Oct 18.

 * Malaysian palm oil surged to its highest level in about six months in on Monday, tracking a rally in its rival oilseed soy and gaining on forecasts of weaker production growth for the month of October.