The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,809 ringgit ($668.01) a tonne at the close of trade, snapping two earlier sessions of gains. It rose earlier in the session to 2,837 ringgit, its strongest since Nov. 2.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Nov 22.
FUNDAMENTALS
* Malaysian palm oil futures rose on Tuesday, reversing a slide to its weakest since mid-August earlier in the day, after top buyer India raised its import duties on vegetable oils.
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