Malaysian palm oil/Vegoils: Market factors to watch Tuesday July 24

Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 24.

FUNDAMENTALS

* Malaysian palm oil futures declined on Monday, marking a second session of losses in three on concerns that production could rise in the coming weeks.

* U.S. wheat futures pulled back on Monday after approaching a six-week high on concerns about dry weather eating into harvests in some of the world's main exporting countries.