FUNDAMENTALS
* India is likely to import 1.5 million tonnes of duty-free
sunflower oil during the current fiscal year to March 31, trade
and government sources said, half a million tonnes less than the
quota allocated by the government.
* Indonesia plans to set its crude palm oil reference price
at $911.41 per tonne for March 16-31, up from $889.77 per tonne
in the first half of the month, Musdhalifah Machmud, an official
at the Economics Coordinating Ministry, said on Monday.
* Exports of Malaysian palm oil products for March 1-10 rose
50.8% to 487,530 tonnes from Feb. 1-10, cargo surveyor Societe
Generale de Surveillance said on Monday.
* Russia on Monday suggested renewing a deal allowing the
safe export of grain from Ukraine's Black Sea ports but only for
half the term of the previous renewal, while the United Nations
pledged to do everything possible to ensure the agreement's
integrity remained intact.
* Soyoil prices on the Chicago Board of Trade were
down 0.1%, down for a fourth session due to rising global
economic concerns around the stability of the U.S. banking
sector.
* Dalian's most-active soyoil contract fell 1.8%,
while its palm oil contract eased 1.8%.
* Palm oil may retest a support of 3,974 ringgit per tonne,
a break below which could open the way towards 3,892-3,931
ringgit range, Reuters technical analyst Wang Tao said. MARKET NEWS
* Asia's share markets slid, with Japan's financial stocks
leading losses as fear of a U.S. banking crisis gripped
investors ahead of crucial inflation data due later in the day. DATA/EVENTS (GMT)
0700 UK ILO Unemployment Rate Jan
0700 UK HMRC Payrolls Change Feb
1230 US Core CPI MM, SA Feb
1230 US Core CPI YY, NSA Feb
1230 US CPI Wage Earner Feb
($1 = 4.4800 ringgit)
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
cpo ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(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 ))
