VEGOILS-Palm oil rises on China's anti-dumping probe, weak ringgit

(Updates with midday break prices, comment on paragraph 5) By Dewi Kurniawati JAKARTA, Sept 3 (Reuters) - Malaysian palm oil futures traded higher on Tuesday, extending gains to a fourth consecutive session, on the news that China will start an anti-dumping probe into canola imports from Canada and a weak ringgit. The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was up 45 ringgit, or 1.14%, to 3,978 ringgit ($909.67) a metric ton by the midday break. China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, sending prices of domestic rapeseed oil futures to a one-month peak. China's rapeseed meal futures CRSMcv1 prices jumped 6.03%. "Overall lots of ambiguity surrounding the market today. What actually made it pull higher was this news that China is investigating Canola oil being dumped into China," said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. The Malaysian ringgit MYR= , palm's currency of trade, weakened 0.53% against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders. Dalian's most-active soyoil contract DBYcv1 rose 1.71%, while its palm oil contract DCPcv1 was up 1.66%. The Chicago Board of Trade BOcv1 dropped 0.55%. Palm oil tracks price movements in related oils as they compete for a share in the global vegetable oils market. Malaysia's August palm oil exports are seen at 1,376,412 metric tons, according to Amspec Agri. Exports of Malaysian palm oil products for August fell 9.9% to 1,445,442 metric tons from 1,604,578 metric tons shipped during July, cargo surveyor Intertek Testing Services said. Indonesia raised its crude palm oil reference price for September to $839.53 per metric ton from $820.11 in August. Brent oil prices fell on Tuesday as sluggish economic growth in China, the world's biggest crude importer, increased worries about demand that overshadowed the impact of the halt of production and exports from Libya. O/R Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. Palm oil FCPOc3 may test support at 3,864 ringgit per metric ton, as it failed again to break resistance at 3,966 ringgit, according to Reuters' technical analyst Wang Tao. ($1 = 4.3730 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo d https://tmsnrt.rs/3AZ65I3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Dewi Kurniawati; Editing by Rashmi Aich and Mrigank Dhaniwala) (([email protected])) ((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 ))