Malaysian palm oil/Vegoils: Market factors to watch Friday Feb 8

Malaysian palm oil futures edged lower on Friday as traders awaited industry production data for the first 20 days of the month before taking any fresh positions.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Feb 8.

FUNDAMENTALS

* Malaysian palm oil futures jumped 1.7 percent to a more than seven-month high on Thursday, tracking strength in overnight U.S. soyoil and on bullish forecasts for the vegetable oil, though the market pared gains towards the end of the session.