Malaysian palm oil/Vegoils: Market factors to watch Thursday May 24

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 May 24.

FUNDAMENTALS

* Malaysian palm oil futures declined in trade on Wednesday evening, tracking weakness in crude oil prices and as traders booked profit after the vegetable oil jumped to a six-week high in the
previous session.