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Palm falls on weak export data, overnight fall in Dalian oils



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JAKARTA, June 18 (Reuters) -Malaysian palm oil futures slipped on Tuesday when market resumed activity after the Eid holiday, dragged by overnight weakness in Dalian vegetable oils and weak export data.

The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange lost 19 ringgit, or 0.48%, to 3,909 ringgit ($829.41) a metric ton as of 0233 GMT.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 was up 0.67%, while its palm oil contract DCPcv1 gained 0.53%. Soyoil prices on the Chicago Board of Trade BOc2 was up 0.11%.

* Exports of Malaysian palm oil products for June 1-15 was estimated to have fallen between 19.8% to 21.6%, accordingto cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia.

* Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

* Oil prices ticked up in early trade on Tuesday, extending gains from the previous session on a stronger demand outlook and investor confidence that OPEC+ producers could pause or reverse plans to raise supplies from the fourth quarter of this year.O/R


MARKET NEWS

* Asian stocks tracked Wall Street higher on Tuesday ahead of a chorus of Federal Reserve officials due to speak later in the day, while the Australian dollar held steady and domestic shares rose ahead of the country's interest rate decision. MKTS/GLOB



DATA/EVENTS (GMT)

0900 Euro zone HICP Final MM YY May

0900 Germany ZEW Economic Sentiment June

0900 Germany ZEW Current Conditions June

1230 US Retail Sales MM May

1315 US Industrial Production MM May

2350 Japan Bank of Japan releases Minutes of Monetary

Policy Meeting held on Apr. 25 and 26

($1 = 4.7130 ringgit)



Reporting by Bernadette Christina; Editing by Eileen Soreng

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01.
* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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 OILS/ASIA1
Malaysian palm oil exports SGSPALM1
CBOT soyoil futures 0#BO:
CBOT soybean futures 0#S:
Indian solvent SOLVENT01
Dalian Commodity Exchange DC/MENU
Dalian soyoil futures 0#DBY:
Dalian refined palm oil futures 0#DCP:
Zhengzhou rapeseed oil 0#COI:
European edible oil prices/trades OILS/E
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