FUNDAMENTALS
* Indonesia plans to set its crude palm oil reference price
at $932.69 per tonne for the April 16-30 period, up from $898.29
per tonne in the first half of the month, an official at the
economic coordinating ministry said on Monday.
* Malaysia's palm oil inventories at end-March plunged
21.08% from the previous month to 1.67 million tonnes as exports
surged, data by the Malaysian Palm Oil Board showed on Monday.
* Exports of Malaysian palm oil products for April 1-10 fell
between 29% and 35.6% from the same week in March, cargo
surveyors said on Monday.
* Dalian's most-active soyoil contract fell 0.2%,
while its palm oil contract gained 1.5%. Soyoil prices
on the Chicago Board of Trade were up 0.3%.
* Palm oil is affected by price movements in related oils as
they compete for a share in the global vegetable oils market.
* Palm oil may keep bouncing to 3,910 ringgit per tonne, a
break above which could open the way towards 3,980 ringgit,
Reuters technical analyst Wang Tao said. MARKET NEWS
* U.S. stocks closed mostly flat and the dollar rose on
Monday after strong jobs data last week pointed to the Federal
Reserve hiking interest rates in May, while the yen eased after
Japan's new central bank governor vowed to maintain ultra-loose
policy. DATA/EVENTS (GMT)
0130 China PPI, CPI YY March
($1 = 4.4150 ringgit)
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(Reporting by Mei Mei Chu; 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 ))
