VEGOILS-Palm falls for third day on weakness in Chicago soyoils, Dalian palm oil

JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third straight session on Wednesday, dragged down by lacklustre performances in Chicago soyoil and Dalian palm oil, while weakness in the ringgit currency limited losses.

The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange lost 6 ringgit, or 0.15%, to 4,037 ringgit ($914.59) a metric ton by 0238 GMT.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.23%, while its palm oil contract DCPcv1 was down 0.76%. Soyoil prices on the Chicago Board of Trade (CBOT) BOc2 lost 0.69%.

* Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market.

* Malaysia has maintained its May export tax for crude palm oil at 10% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

* Exports of Malaysian palm oil products for April 1-15 estimated to rise by 17% from a month ago, said cargo surveyor Intertek Testing Services, while independent inspection company AmSpec Agri Malaysia estimated exports grew by 13.6%.

* Malaysian ringgit, the contract currency of trade, weakened 0.09% against the U.S. dollar on Wednesday. A weaker ringgit make the contract more attractive for foreign currency holders.

* Oil prices were flat early on Wednesday, as shifting U.S. trade policies fuelled uncertainty, while markets assessed the potential impact of the U.S.-China trade war on economic growth and energy demand.O/R

* Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* Palm oil FCPOc3 may bounce into a range of 4,119-4,176 ringgit per metric ton as it has stabilized around support at 4,026 ringgit, Reuters technical analyst Wang Tao said.TECH/C

DATA/EVENTS (GMT)

0200 China Urban Investment(YTD) YY, Retail Sales YY, Unemp Rate Urban Area Mar

0200 China GDP YY Q1

0600 UK Core CPI, CPI YY Mar

0600 UK CPI Services MM, YY Mar

0900 EU HICP Final MM, YY Mar

1230 US Retail Sales MM Mar

1315 US Industrial Production MM Ma

($1 = 4.4140 ringgit)

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