VEGOILS-Palm ends higher on Dalian, rising inventories data

(Updates for market close) By Dewi Kurniawati JAKARTA, April 10 (Reuters) - Malaysian palm oil futures jumped on Thursday, erasing the previous session's losses, tracking stronger rival oils at Dalian and supported by data from Malaysian Palm Oil Board (MPOB) that showed a rise in March inventories. The benchmark June palm oil contract FCPOc3 on the Bursa Malaysia Derivatives Exchange gained 53 ringgit, or 1.28%, to 4,201 ringgit ($940.66) a metric ton at the close. "The futures react to rival oils' rise," a Kuala Lumpur-based trader said earlier, adding that the MPOB export data will provide cues into the way forward. Dalian's most-active soyoil contract DBYcv1 added 0.84%, while its palm oil contract DCPcv1 gained 1.37%. Soyoil prices on the Chicago Board of Trade (CBOT) BOcv1 dropped 0.24%. Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. Malaysia's palm oil stocks posted their first rise in six months in March, as production recovered and imports rose sharply, offsetting strong festive demand, data from the industry regulator showed on Thursday. The stocks at the end of March rose 3.52% from the previous month to 1.56 million metric tons. Independent inspection company AmSpec Agri Malaysia said exports of Malaysian palm oil products for April 1 - 10 rose 52.8% to 301,113 metric tons, while according to cargo surveyor Intertek Testing Services it rose 29.3% to 323,160 metric tons. Oil prices retreated nearly 3% on Thursday as fears of a deepening U.S.-China trade war and possible recession eclipsed earlier relief created by President Donald Trump's announced 90-day pause on sweeping tariffs against most countries. O/R Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit MYR= , palm's currency of trade, strengthened 0.6% against the U.S. dollar, making the commodity more expensive for buyers holding foreign currencies. ($1 = 4.4660 ringgit) text_section_type="notes">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 (Reporting by Dewi Kurniawati; Editing by Eileen Soreng and Sumana Nandy) ((Dewi.Kurniawati@thomsonreuters.com))