VEGOILS-Palm rises after three sessions of losses on bargain buying

(Updates prices, adds analyst comments) JAKARTA, March 26 (Reuters) - Malaysian palm oil futures climbed on Wednesday, after three consecutive sessions of losses, helped by bargain hunting after the contract hit a near two-month low. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose 0.75% to 4,277 ringgit ($966.34) per metric ton by the midday break. The contract has declined 2.97% so far this week. "When prices touched the day's low, it was too cheap to ignore. We saw a lot of bargain hunting today, a lot of buyers emerged and (there was) a lot of (short) covering also," said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Exports of Malaysian palm oil products for March 1-25 dropped 8.1% to 835,732 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. The most-active soyoil contract in the Dalian Commodity Exchange DBYcv1 lost 0.38%, while its palm oil contract DCPcv1 fell 0.87%. On the Chicago Board of Trade (CBOT) BOc2 , soyoil was down 0.12%. Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. ($1 = 4.4260 ringgit) (Reporting by Fransiska Nangoy and Bernadette Christina; Editing by Sumana Nandy and Rashmi Aich) ((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 ))