10/04/2017 (The Times of India Business) - Palm charts third straight session of losses * Market low of 2,592 rgt/T, weakest since Oct. 11 * Down on expectations of rising output, end-stocks (Updates with closing prices, quote) By Emily Chow KUALA LUMPUR, April 10 (Reuters) - Malaysian palm oil futures ended the trading day on Monday at their lowest in six months, weighed down by higher than expected production and end-stocks data from an industry regulator. Data from the Malaysian Palm Oil Board (MPOB) showed end-stocks for March rose 6.5 percent from February to 1.55 million tonnes. Output surged 16.3 percent to 1.46 million tonnes, the first monthly gain since September and the strongest month-on-month rise in over a year. Both output and inventories data outpaced market expectations, which had been for stocks to rise 0.1 percent and production to climb 10.4 percent, according to a Reuters poll. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 2.5 percent at 2,593 ringgit ($584.93) a tonne at the close of trade, its weakest level since Oct. 11. Traded volumes stood at 63,036 lots of 25 tonnes each in the evening. "Palm's decline is mainly on MPOB, which showed much higher end-stocks and high imports," said a futures trader from Kuala Lumpur. The MPOB data also showed that exports rose 14.3 percent to 1.27 million tonnes and imports tripled. Concerns of rising output weighed on the market despite data indicating an improvement in demand. Palm oil shipments from Malaysia, the world's second-biggest producer of the tropical oil, soared 20.9 percent during the first 10 days of April compared with last month, showed data from cargo surveyor Intertek Testing Services. Another cargo surveyor, Societe Generale de Surveillance, showed exports rose 24.8 percent in the same period. Price movements in related edible oils, including soyoil, have an impact on palm oil, as they compete for a share in the global vegetable oils market. Soybean oil on the Chicago Board of Trade dropped 1 percent. In other related vegetable oils, the September soybean oil contract on the Dalian Commodity Exchange fell 0.1 percent, while the September contract for palm olein on the Dalian Commodity Exchange slid 2.7 percent. Palm, soy and crude oil prices at 1037 GMT Contract Month Last Change Low High Volume MY PALM OIL APR7 2833 -53.00 2828 2871 316 MY PALM OIL MAY7 2686 -70.00 2685 2746 3480 MY PALM OIL JUN7 2592 -67.00 2592 2681 27039 CHINA PALM SEP7 5226 -142.00 5220 5448 1136852 OLEIN CHINA SOYOIL SEP7 5968 -4.00 5940 6044 765434 CBOT SOY OIL MAY7 31.32 -0.30 31.31 31.8 8824 INDIA PALM OIL APR7 513.70 -8.00 513.20 520 1613 INDIA SOYOIL APR7 632.8 -3.10 632.1 634.75 6120 NYMEX CRUDE MAY7 52.57 +0.33 52.29 52.68 91958 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel ($1 = 4.4330 ringgit) ($1 = 64.5300 Indian rupees) ($1 = 6.9020 Chinese yuan)