The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange was up 1.5 percent at 2,538 ringgit ($621.91) a tonne at the close of trade, its third consecutive day of gains. It earlier rose to 2,541 ringgit, its strongest level since Dec. 18.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 16.
FUNDAMENTALS
* Malaysian palm oil futures rose for a fourth consecutive session on Thursday, hitting a one-week top on short-covering and expectations of higher demand ahead of Ramadan.
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