Malaysian palm oil/Vegoils: Market factors to watch Thursday Nov 15

Malaysian palm oil futures rose for a third consecutive session on Wednesday, but the rally may lose steam due to concerns about rising stockpiles, traders said.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Nov 15.

FUNDAMENTALS

* Malaysian palm oil futures fell below the 2,000 ringgit level for the first time in three years on Wednesday, weighed down by losses in related edible oils on China's Dalian Commodity Exchange and lower than forecast year-end inventory levels.