Malaysian palm oil/Vegoils: Market factors to watch on Friday Nov 23

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 Nov 23.

FUNDAMENTALS

* Malaysian palm oil futures rose more than 2 percent on Thursday as traders moved to cover short positions.