VEGOILS-Malaysian palm oil falls, tracking rivals

JAKARTA, March 25 (Reuters) - Malaysian palm oil futures declined for a third session on Tuesday, tracking rival vegetable oils in the Dalian and Chicago markets, while investors await export data. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange lost 8 ringgit, or 0.19%, to 4,297 ringgit ($968.23) a metric ton by 0306 GMT. FUNDAMENTALS * The most-active soyoil contract in the Dalian Commodity Exchange DBYcv1 was down 0.38%, while its palm oil contract DCPcv1 fell 0.84%. Soyoil prices on the Chicago Board of Trade (CBOT) BOc2 dropped 0.68%. * Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. * Exports of Malaysian palm oil products for the March 1-20 period are estimated to drop between 5% and 14.2% from the previous month, according to inspection company Amspec Agri Malaysia and cargo surveyor Intertek Testing Services. * Oil prices barely moved on Tuesday as investors weighed the impact of U.S. tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand. O/R MARKET NEWS * Asian stocks rose on Tuesday, taking cues from Wall Street, as the prospect of narrower-than-feared U.S. tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort. MKTS/GLOB DATA/EVENTS (GMT) 0900 Germany Ifo Business Climate New, Ifo Curr Conditions New, Ifo Expectations New Mar 1400 US Consumer Confidence Mar 1400 US New Home Sales-Units Feb ($1 = 4.4380 ringgit) <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ cpo https://tmsnrt.rs/434tYdg ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Bernadette Christina; Editing by Sonia Cheema) ((Bernadette.christina@Thomsonreuters.com)) ((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 ))