VEGOILS-Palm oil tracks rival oils higher, extends winning streak

JAKARTA, March 18 (Reuters) - Malaysian palm oil futures climbed higher on Monday to extend their winning streak as stronger rival oils helped boost prices. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 1.45% to 4,281 ringgit ($908.15) during early trade. The benchmark contract for May delivery gained 4.86% last week, its highest weekly jump since Jan. 12. FUNDAMENTALS * Malaysia maintained its export tax for crude palm oil at 8% for April and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday. * Dalian's most-active soyoil contract DBYv1 jumped 1.49%, while its palm oil contract DCPv1 gained nearly 1%. Soyoil prices on the Chicago Board of Trade BOc2 traded 0.56% higher. * Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. * Exports of Malaysian palm oil products for March 1-15 rose 8.4% from shipments in February 1-15, independent inspection company AmSpec Agri Malaysia said on Friday, while cargo surveyor Intertek Testing Services reported a 3.3% increase in the same period. * Palm oil FCPOc3 may break resistance at 4,326 ringgit and rise into a range of 4,378 ringgit to 4,410 ringgit per metric ton, Reuters technical analyst Wang Tao said. TECH/C MARKET NEWS * Asian shares idled and the dollar held firm on Monday as investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and perhaps a slower glide path for U.S. rate cuts. MKTS/GLOB DATA/EVENTS 0200 China Urban Investment (YTD) YY Feb 0200 China Retail Sales YY Feb 0200 China Unemp Rate Urban Area Jan 1000 EU Total Trade Balance SA Jan 1000 EU HICP Final MM, YY Feb n/a UK House Price Rightmove MM, YY March ($1 = 4.7140 ringgit) (Reporting by Fransiska Nangoy; Editing by Sherry Jacob-Phillips) (([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 ))