Exports of Malaysian palm oil products for March 1-15 rose between 55% and 72% from the same period in February, as shipments to India jumped ahead of the Muslim festival of Eid, according to cargo surveyors data. Top producer Indonesia said it will enforce domestic market obligation to ensure palm oil producers sell 450,000 tonnes of cheap cooking oil at home in March to secure supply ahead of Islamic festivities, after missing the target in February, the country's trade minister said earlier this week.
Dalian's most active soyoil contract slid 0.70%, while its palm oil contract rose 0.75%. Soyoil prices on the Chicago Board of Trade were down 0.61%. Palm oil may retest a support of 3,892 ringgit per tonne, a break below which could trigger a fall into a range of 3,810-3,856 ringgit, Reuters technical analyst Wang Tao said. ($1 = 4.4830 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Bernadette Christina Munthe; Editing by Subhranshu Sahu, Varun H K and Janane Venkatraman)
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