Malaysian palm oil/Vegoils: Market factors to watch Wednesday Nov 28

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 Wednesday No 28.

FUNDAMENTALS

* Malaysian palm oil futures fell for a third day on Tuesday as a change in export levies by the world's top exporter Indonesia and weak demand weighed on the market.