FUNDAMENTALS
* Exports of Malaysian palm oil products for April 1-15 fell
33.7% from a month earlier, independent inspection firm AmSpec
Agri Malaysia reported over the weekend, while cargo surveyor
Intertek Testing Services reported a 28.7% decline.
* Dalian's most-active soyoil contract dropped
1.81%, while its palm oil contract eased 0.73%. Soyoil
prices on the Chicago Board of Trade were trading 0.32%
lower.
* 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 test a resistance zone of 3,729-3,740 ringgit
per tonne, a break above which could lead to a gain to 3,797
ringgit, said Reuters technical analyst Wang Tao. MARKET NEWS
* Asian stocks opened cautiously on Monday as U.S. earnings
season gets into full swing, while a raft of Chinese data will
offer insight into how the world's second-largest economy is
recovering.
* Oil prices edged up on Monday, supported by OPEC+'s plans
to cut more output, while investors eyed Chinese economic data
for signs of a demand recovery by the world's No. 2 oil
consumer. DATA/EVENTS (GMT)
1000 EU Reserve Assets Total March
($1 = 4.4160 ringgit)
(Reporting by Fransiska Nangoy; Editing by Subhranshu Sahu)
* 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 ))
