VEGOILS-Palm snaps three-session losses, weak export data caps gain

JAKARTA, March 26 (Reuters) - Malaysian palm oil futures opened higher on Wednesday, after three consecutive sessions of losses, but concerns over weak exports capped the rise. The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Malaysia Derivatives Exchange rose as much as 0.87% to 4,282 ringgit per metric ton during early trade, but pared some of the gains shortly after. The contract has decline 3.81% in the last three sessions. FUNDAMENTALS * 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. * The most-active soyoil contract in the Dalian Commodity Exchange DBYcv1 lost 0.33%, while its palm oil contract DCPcv1 fell 0.74%. On the Chicago Board of Trade (CBOT) BOc2 , soyoil gained 0.28%. * Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. * Oil prices climbed in early Asia trade on concerns of tighter supplies after U.S. President Donald Trump threatened tariffs against countries importing oil and gas from Venezuela and U.S. crude inventories fell more than expected. O/R MARKET NEWS * Asian stocks followed Wall Street higher on Wednesday and the U.S. dollar meandered as markets awaited clarity on President Donald Trump's trade policy ahead of a new round of tariffs next week. MKTS/GLOB DATA/EVENTS (GMT) 0500 Japan Chain Store Sales YY Feb 0500 Japan Leading Indicator Revised Jan 0700 UK Core CPI YY, CPI YY Feb 0700 UK CPI Services MM, CPI Services YY Feb 1100 France Unemp Class-A SA Feb 1230 US Durable Goods Feb (Reporting by Fransiska Nangoy; Editing by Sumana Nandy) ((fransiska.nangoy@tr.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 ))