RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Dec 20.
FUNDAMENTALS
* Malaysian palm oil futures rose more than 2 percent to an eight-week high on Wednesday vening, tracking gains in U.S. soyoil on the Chicago Board of Trade and palm olein on China's Dalian Commodity Exchange.
* U.S. soybean futures dropped to two-week lows on Wednesday as renewed export sales to China following a trade war truce between Washington and Beijing fell short of expectations.
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