VEGOILS-Malaysian palm rises for second session, supported by rival oil

JAKARTA, March 27 (Reuters) - Malaysian palm oil futures rose for a second session on Thursday, tracking strength in the Dalian market, as China shifted to palm oil amid a trade war with Canada. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange gained 18 ringgit, or 0.42%, to 4,277 ringgit ($965.90) a metric ton by 0232 GMT. FUNDAMENTALS * The most-active soyoil contract in the Dalian Commodity Exchange DBYcv1 was up 0.28%, while its palm oil contract DCPcv1 gained 0.38%. Soyoil prices on the Chicago Board of Trade (CBOT) BOc2 were barely changed, down 0.05%. * 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 March 1-25 dropped 8.1% to 835,732 metric tons month-on-month, cargo surveyor Intertek Testing Services said on Tuesday, while independent inspection company AmSpec Agri Malaysia estimated exports to have fallen 8.5% in the same period. * Oil prices nudged higher on Thursday on concerns about tighter global supply after the U.S. tariff threat on Venezuelan oil buyers, while market players also grappled with the impact of Donald Trump's latest announcement on auto-sector tariffs. O/R MARKET NEWS * Asian shares skidded with Wall Street on Thursday while the dollar hovered near a three-week high after U.S. President Donald Trump announced new tariffs on all auto imports, ratcheting up a global trade war that risks fuelling inflation. MKTS/GLOB DATA/EVENTS (GMT) 1230 US GDP Final Q4 1230 US Initial Jobless Clm 22 Mar, w/e 1430 US EIA-Nat Gas Chg Bcf, Nat Gas-EIA Implied Flow 21 Mar, w/e ($1 = 4.4280 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 ))