Market participants were also waiting for the Federal Reserve's decision on its benchmark overnight interest rate on Wednesday, as investors remain on edge in the midst of global banking strains, the trader said. Exports of Malaysian palm oil products for March 1-20 rose between 19.8% and 29.8% from a month earlier, data from cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysiashowed. Indonesia's palm oil production for 2023/24 is seen at 46 million metric tonnes (MMT), an increase of 3% from the previous year, the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service report said.
Dalian's most active soyoil contract slid 0.17%,
while its palm oil contract dropped 1.27%. Soyoil
prices on the Chicago Board of Trade were down 0.31%
after Monday's 0.8% gain.
* Palm oil FCPOc3 may bounce further to 3,931 ringgit per
tonne, as suggested by its wave pattern and a falling
channel. ($1 = 4.4750 ringgit)
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(Reporting by Bernadette Christina Munthe; Editing by
Subhranshu Sahu , Nivedita Bhattacharjee)
* 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 ))
