May 7, 2019 / 3:45 AM / 18 days ago

VEGOILS-Palm oil rises over 1 pct in early trade

    KUALA LUMPUR, May 7 (Reuters) - Malaysian palm oil futures
rose over 1 percent in early trade on Tuesday, recovering from
an over five-month low hit in the previous trading session.     
    The benchmark palm oil contract for July delivery
on the Bursa Malaysia Derivatives Exchange was last up 1.6
percent at 2,016 ringgit ($486.25) a tonne. 
FUNDAMENTALS
* Malaysian palm oil futures fell to their lowest in more than
five months on Monday as U.S. President Donald Trump's threats
to increase tariffs on Chinese imports risked prospects of a
trade deal, sending commodities and stock markets lower.
* Chicago soybean futures lost more ground on Tuesday with
prices dropping for an eighth consecutive session as fresh trade
tensions between Washington and Beijing weighed on the market.

* Oil prices were mixed on Tuesday as U.S. sanctions on oil
exporters Iran and Venezuela kept markets on edge while concerns
that an escalating Sino-U.S. trade dispute could slow the global
economy also kept crude somewhat in check.
MARKET NEWS
* Asian shares wallowed near five-week lows early Tuesday after
Trump's tariff threat re-ignited worries about U.S.-China trade
tensions, while Japan's Nikkei opened down after a 10-day break.

* The dollar hung near a five-week low against the yen on
Tuesday after worries about U.S.-China trade tensions rekindled
fears about the outlook for global growth.
* U.S. stocks fell on Monday after Trump pledged to raise
tariffs on Chinese goods, though Wall Street finished well off
its session lows as some investors saw Trump's comments as a
bargaining tactic and expressed confidence in an eventual trade
agreement.
For more vegetable oil-related stories, please click 
    
DATA/EVENTS (GMT)

0130  Australia   Retail Sales MM          March
0130  Australia   Retail Trade             Q1
0130  Australia   Trade Balance G&S (A$)   March
0430  Australia   RBA Cash Rate            May
0600  Germany     Industrial Orders MM     March
0730  UK          Halifax House Prices MM  April
1300  Russia      CPI MM                   April
1300  Russia      CPI YY                   April
              
Palm, soy and crude oil prices at 0320 GMT
 Contract           Month   Last  Change    Low    High  Volume
 MY PALM OIL        MAY9    1961  +84.00   1956    1961      27
 MY PALM OIL        JUN9    1995  +35.00   1974    1996     390
 MY PALM OIL        JUL9    2017  +33.00   2000    2022    4027
 CHINA PALM OLEIN   MAY9    4196   +0.00   4102    4196    3388
 CHINA SOYOIL       MAY9    5232  +20.00   5200    5284     260
 CBOT SOY OIL       MAY9   26.84   +0.00      0       0       0
 INDIA PALM OIL     MAY9    0.00   +0.00   0.00       0       0
 INDIA SOYOIL       MAY9       0   +0.00      0       0       0
 NYMEX CRUDE        JUN9   62.25   +0.00  61.81   62.41   31594
  Palm oil prices in Malaysian ringgit per tonne
  CBOT soy oil in U.S. cents per pound
  Dalian soy oil and RBD palm olein in Chinese yuan per tonne
  India soy oil in Indian rupee per 10 kg
  Crude in U.S. dollars per barrel
 
    * For a table on Malaysian physical palm oil prices,
including refined oil, Reuters Terminal users can double click
on or type.
    * 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                    -- 
Weekly Indian vegetable oils      --   
Dalian Commodity Exchange         --  
Dalian soyoil futures             --  
Dalian refined palm oil futures   --  
Zhengzhou rapeseed oil            --  
European edible oil prices/trades --


($1 = 4.1460 ringgit)
($1 = 69.3290 Indian rupees)
($1 = 6.7726 Chinese yuan)

 (Reporting by Emily Chow; editing by Gopakumar Warrier)
  
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