Malaysian palm oil/Vegoils: Market factors to watch Wednesday Feb 27

Indonesian authorities plan to challenge the duties and will coordinate their response with the companies and the Indonesian biodiesel association, a senior Indonesian trade official told Reuters. "The companies are now working to rebut the proposed calculations of the EU for which the deadline is this Friday," said Pradnyawati, director of trade security at Indonesia's Trade Ministry.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 27.

FUNDAMENTALS

* Malaysian palm oil futures dropped over 1 percent at the close of trade on Tuesday, hitting their lowest levels in nearly six weeks, pressured by weaker soyoil prices and a forecast that February palm output will be higher than usual.