FUNDAMENTALS
* Cargo surveyors are scheduled to release their January
export data later in the day. Exports from Malaysia during Jan.
1-25 slumped between 28% and 35% from a month earlier due to
weaker demand from key markets Europe, China, and India,
according to cargo surveyor data.
* Indonesia's trade minister said on Monday cooking oil
producers must increase supply to the domestic market by 50% for
the next three months to meet rising demand ahead of Islamic
religious festivities.
* Dalian's most-active soyoil contract fell 0.5%,
while its palm oil contract eased 1.3%. Soyoil prices
on the Chicago Board of Trade were up 0.1%.
* Palm oil is affected by price movements in related oils as
they compete for a share in the global vegetable oils market.
* Palm oil may test a support at 3,888 ringgit per tonne, a
break below which could open the way towards 3,796 ringgit,
Reuters technical analyst Wang Tao said. MARKET NEWS
* Asian shares traded cautiously and bonds nursed small
losses as investors braced for an eventful week that includes
central bank meetings, a slew of earnings reports and key U.S.
economic data. DATA/EVENTS
0630 France GDP Preliminary Q4
0745 France CPI (EU Norm) Prelim YY Jan
0745 France Producer Prices YY Dec
0855 Germany Unemployment Chg SA Jan
0855 Germany Unemployment Rate SA Jan
0100 EU GDP Flash Prelim Q4
0900 Germany CPI Prelim YY Jan
0900 Germany HICP Prelim YY Jan
WASHINGTON, D.C. - U.S. Federal Reserve's FOMC starts its
two-day meeting on interest rates
($1 = 4.2470 ringgit)
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(Reporting by Mei Mei Chu; Editing by Subhranshu Sahu)
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in and press enter, or double click between the brackets.
* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils Malaysian palm oil exports CBOT soyoil futures CBOT soybean futures Indian solvent Dalian Commodity Exchange Dalian soyoil futures Dalian refined palm oil futures Zhengzhou rapeseed oil European edible oil prices/trades ))
