Malaysian palm oil/Vegoils: Market factors to watch Monday Dec 10

Indonesia, the world's top exporter of palm oil, will not collect levies from palm exporters when prices are below a threshold of $570 per tonne, but will charge $10-$25 once prices are in a range of $570-$619 per tonne. The range will rise to $20-$50 when prices hit above $619 per tonne.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 10.

FUNDAMENTALS

* Malaysian palm oil futures closed lower on Friday, falling for a second week, weighed down by weakness in related edible oils and crude oil.

* U.S. soybean futures firmed for the fifth time in six sessions on Friday on solid weekly export sales data and short-covering ahead of the weekend as the market waited for signs that China may soon resume purchases from the United States.