FUNDAMENTALS
* 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.
* Dalian's most active soyoil contract slid 0.02%,
while its palm oil contract dropped 0.98%. Soyoil
prices on the Chicago Board of Trade were down 0.59%.
* Palm oil FCPOc3 may break a support of 3,892 ringgit per
tonne, and fall into a range of 3,810-3,856 ringgit, Reuters
technical analyst Wang Tao said. MARKET NEWS
* Futures and Asian stocks fought to stablise, though banks
remained under pressure on Monday as a rescue deal for Credit
Suisse and a concerted effort by central banks to restore
confidence eased immediate fears of a contagion. DATA/EVENTS (GMT)
0115 China Loan Prime Rate 1Y, 5Y March
1000 EU Total Trade Balance SA Jan
($1 = 4.4710 ringgit)
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(Reporting by Bernadette Christina Munthe; Editing by Varun H
K)
* 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 ))
