"Despite a reasonably good March export performance by Malaysian palm oil, the weaker macro, sharply lower EU rapeseed oil and Black Sea Sunflower oil prices (are) pressuring palm oil to remain competitive," said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group. European rapeseed was at a discount against crude palm oil in the Rotterdam market for the first time in 25 years, while Black Sea sunflower oil prices have dropped nearly 15% this month, he added. Exports of Malaysian palm oil products from March 1-20 rose between 19.8% and 29.8%, compared to shipments during the February 1-20 period, data from cargo surveyor
Intertek Testing Services and independent inspection company
AmSpec Agri Malaysia showed.
Dalian's most active soyoil contract was down 0.56%, while its palm oil contract dropped 2.29%. Soyoil prices on the Chicago Board of Trade fell 1.97%. ($1 = 4.4830 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Bernadette Christina Munthe; Editing by Varun H K, Nivedita Bhattacharjee and Sonia Cheema)
* 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 ))
