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.
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