Malaysian palm oil/Vegoils: Market factors to watch Monday Aug 6

The Malaysian currency rose as much as 0.53 percent against the dollar to 3.8550, its highest since April 2016, bolstered by high oil prices and portfolio inflows. It was last up 0.35 percent at 3.8620 per dollar on Wednesday evening for a third consecutive sessions of gains. Gains in the ringgit, palm's currency of trade, usually weigh on the tropical oil by making it more expensive for holders of foreign currencies

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Aug 6.

FUNDAMENTALS

* Malaysian palm oil futures were rangebound on Friday, as weakness in related edible oils and U.S.-China trade friction concerns dented sentiment, but prices edged higher at the end of the trading day.