Malaysian palm oil/Vegoils: Market factors to watch Thursday Dec 13

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was up 2.7 percent at 2,518 ringgit ($618) at the close of trade, its first gain in three sessions and its sharpest rise since July 25. It earlier hit an intraday high of 2,525 ringgit, its highest level in a week, and rose 1.6 percent on the week after six consecutive weekly falls.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Dec 13.

FUNDAMENTALS

* Malaysian palm oil futures ended higher on Wednesday, buoyed by gains in soyoil on the U.S. Chicago Board of Trade after President Donald Trump said China was back in the market buying U.S. beans.