Malaysian palm oil/vegoils: Market factors to watch Monday Dec 31

At Monday's close, the benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 3.9 percent at 1,965 ringgit ($469.42) a tonne. That was its biggest one-day dip since Feb. 16 last year. Traded volumes stood at 53,531 lots of 25 tonnes each.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Dec 31.

FUNDAMENTALS

* Malaysian palm oil futures edged higher on Friday for a second straight day of gains and tracking strength in soyoil on the Chicago Board of Trade.