Malaysian palm oil/Vegoils: Market factors to watch Friday Oct 5

Malaysia has set a 5% tax on CPO export this month after a four-month suspension. The tax was calculated based on the palm oil reference price of RM2,409.66 per tonne for May. Any price above RM2,250 incurs a tax

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Oct 5.

FUNDAMENTALS

* Malaysian palm oil futures rose more than 1 percent on Thursday evening, charting a third straight session of gains, as they tracked overnight strength in U.S. soyoil and drew support from a weaker ringgit.