VEGOILS-Palm oil ends higher for second day on lower output concerns

(Updates with closing prices) BEIJING, June 27 (Reuters) - Malaysian palm oil futures ended higher on Thursday, as forecast of lower production outweighed prospect of softer demand amid India's duty concessions for imports of edible oils. The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange closed up 16 ringgit, or 0.41%, at 3,895 ringgit ($825.56) a metric ton, up for a second day. India, the world's biggest importer of vegetable oils, on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation. Exports from Malaysia during June 1-25 fell between 16.1% and 16.9% from the same period in May, cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia said earlier this week. Production in the world's second-largest grower during June 1-20 is forecast to decline 6.3% from a year-ago period, traders and analysts said, citing data from the Malaysian Palm Oil Association. Dalian's most-active soyoil contract DBYcv1 gained 0.31%, while its palm oil contract DCPcv1 rose 0.13%. Soyoil prices on the Chicago Board of Trade BOcv1 edged 0.7% higher. Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market. Oil prices edged up on Thursday as supply disruption risks from rising geopolitical tensions in the Middle East helped to counter demand fears after a surprise build in U.S. stockpiles. O/R Higher crude oil futures make palm a more attractive option for biodiesel feedstock. ($1 = 4.7180 ringgit) (Reporting by Mei Mei Chu; 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 ))