VEGOILS-Palm oil ends lower on weak demand

(Updates for market close) KUALA LUMPUR, Jan 9 (Reuters) - Malaysian palm oil futures extended losses for a second straight session on Thursday as sluggish demand pressured prices. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slid 59 ringgit, or 1.36%, to 4,295 ringgit ($954.44) a metric ton at the close. The contract lost 0.25% on Wednesday. Traders are awaiting signs of market recovery after the recent rout, however, demand remains weak and continues to put pressure on prices, said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. "Authorities in Indonesia have also been looking into ways to curb used cooking oil exports, but the extent of the tightening is not immediately clear." Indonesia has curbed exports of used cooking oil and palm oil residue to ensure supply to domestic cooking oil and biodiesel industries, the government said on Wednesday. Cargo surveyors are scheduled to release Jan. 1-10 export data, and the Malaysia Palm Oil Board will release its December supply-demand data, both on Friday. Dalian's most-active soyoil contract DBYcv1 fell 1.16%, while its palm oil contract DCPcv1 lost 3.09%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.77%. Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil prices were little changed, with investors weighing firm winter fuel demand expectations against large builds of fuel inventories in the U.S., the world's biggest oil user, and macroeconomic concerns. O/R Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit MYR= , palm's currency of trade, remained unchanged against the U.S dollar. ($1 = 4.5000 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ tech https://tmsnrt.rs/4fW9dmN ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Ashley Tang; Editing by Savio D'Souza and Rashmi Aich) (([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 ))