Malaysian palm oil futures charted a second consecutive day of losses on Tuesday evening despite seeing gains earlier in the day, as a stronger ringgit, which makes the tropical oil more expensive for foreign buyers and aids demand, weighed on prices.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 23.
FUNDAMENTALS
* Malaysian palm oil futures ended a four-session decline with a more than 1 percent gain on Monday evening, rising on the back of bullish sentiment at an industry conference held in Karachi this week.
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