VEGOILS-Malaysian palm tracks rival Chicago soyoil lower

By Dewi Kurniawati JAKARTA, April 14 (Reuters) - Malaysian palm oil futures fell on Monday, tracking weakness in rival soyoil at the Chicago market. The benchmark June palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange lost 31 ringgit, or 0.74%, to 4,181 ringgit ($944.65) a metric ton in early trade. The contract fell 2.63% last week. FUNDAMENTALS * Dalian's most-active soyoil contract DBYcv1 added 0.65%, while its palm oil contract DCPcv1 lost 0.07%. Soyoil prices on the Chicago Board of Trade (CBOT) BOcv1 fell 0.68%. * Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. * India's palm oil imports in March rose about 14% from the previous month to 424,599 tons, a trade body said on Friday. * Independent inspection company AmSpec Agri Malaysia said exports of Malaysian palm oil products for April 1-10 rose 52.8% to 301,113 tons, while according to cargo surveyor Intertek Testing Services it rose 29.3% to 323,160 tons. * Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. O/R * Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. * The ringgit MYR= , palm's currency of trade, slipped 0.14% against the U.S. dollar, making the commodity cheaper for buyers holding foreign currencies. MARKET NEWS * Wall Street share futures rallied in Asia after the White House exempted smartphones and computers from "reciprocal" U.S. tariffs, though gains were limited as President Donald Trump warned levies were still likely at some point. MKTS/GLOB DATA/EVENTS 1000 EU Reserve Assets Total ($1 = 4.4260 ringgit) (Reporting by Dewi Kurniawati; Editing by Rashmi Aich) ((Dewi.Kurniawati@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 ))