Malaysian palm oil/Vegoils: Market factors to watch Thursday Mar 29

Harvesting oil palm fruit bunches is a skilled job that cannot be automated and relies heavily on manual labour. Photo: Malaysian Palm Oil Council

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday March 29.

FUNDAMENTALS
* Malaysian palm oil futures edged lower on Wednesday evening as the ringgit MYR= strengthened further and hit its highest in nearly two years.

* U.S. wheat futures dipped to two-month lows on Wednesday as improving weather for developing crops in the drought-hit southern Plains put the focus back on ample world supplies, traders said.