FUNDAMENTALS
* Malaysia's palm oil exports during April declined 18% from
the month before, cargo surveyor Intertek Testing Services said
on Monday. Another cargo surveyor, AmSpec Agri Malaysia,
recorded a 21% decline in shipments.
* Unattractive palm prices versus rival vegetable oils and
well-stocked destination markets have curtailed buying appetite
for palm oil, Refinitiv Agriculture Research said in a note late
Tuesday.
* Soyoil prices on the Chicago Board of Trade fell
0.3%. The Dalian exchange was closed for a public holiday.
* Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
* Asian stocks fell for a second day on Wednesday, as global
investors contended with signs of a softening U.S. economy, and
were in full flight from U.S. regional lenders, ahead of an
expected U.S. interest rate hike later in the day. DATA/EVENTS (GMT)
0900 EU Unemployment Rate March
1345 US S&P Global Comp, Svcs Final PMIs April
1400 US ISM N-Mfg PMI April
1800 US Federal Open Market Committee announces its
decision on interest rates
($1 = 4.4570 ringgit)
(Reporting by Mei Mei Chu; editing by Uttaresh Venkateshwaran)
* 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 ))
