Breaking News-RTRS-Malaysian palm oil output may fall -Oil World

HAMBURG, April 20 (Reuters) - The rise in Malaysian palm oil output in March was only temporary and production falls are possible in coming months, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

\breaking News-RTRS-Indonesia plans own "green" certification for palm oil

JAKARTA, April 20 (Reuters) - Under increasing pressure from environmentalists, Indonesia plans to introduce "green certificates" for palm oil producers who meet sustainable standards, a senior agriculture official said on Tuesday.
The government plans to issue Indonesian Sustainable Palm Oil (ISPO) certification to cover production from field to factory, said Achmad Manggabarani, director general of plantation crops at the agriculture ministry.
The global palm oil industry has promoted green certification through the voluntary Roundtable of Sustainable Palm Oil (RSPO), a group formed in 2004 to develop ethical practises including commitments to preserving rainforests and wildlife.
Some players in Indonesia, the world's biggest producer of palm oil, already subscribe to the RSPO system, but many do not.

Breaking News-RTRS-UPDATE 1-China may ease rules on Argentine soyoil - report

BUENOS AIRES, April 20 (Reuters) - China could relax a tough new import standard to normalize soyoil exports from top supplier Argentina, a daily newspaper reported on Tuesday.
The disruption to exports is raising concern in the South American country because it threatens a key source of hard currency and authorities have been trying to negotiate a solution with Chinese officials.
The new standard was imposed three weeks ago, but China denies it was in retaliation for Argentina's decision to restrict some Chinese imports, such as shoes and steel pipes, to protect local industry during the global slowdown.

FCPO Daily: Shies away at 2500 levels

Market shies away at 2500 levels closing off the intra-high. Prices manage to rebound to cover partial of the left over upside gap had cushioned a little the market downside momentum. However, more strength is still needed in order to change the current sideways to lower move. Currently, we are looking for the immediate upside, resistance 2500-2504 (left over gap since 19/4/2010)followed by 2525-2530. While, downside support is lies at 2455-2460 followed by 2440-2430.

Trader's Highlight

DJI-NEW YORK, April 20 (Reuters) - U.S. stocks rose on Tuesday as oil prices lifted energy shares and investors were upbeat about the overall profits recovery, even as some high-profile results fell short of lofty expectations.

Goldman Sachs earnings trounced forecasts, but its stock slipped 2.1 percent to $159.98. UK regulators launched a probe into alleged fraud by the company, adding to worries caused by U.S. fraud charges.

The Dow Jones industrial average <.DJI> added 25.01 points, or 0.23 percent, to 11,117.06. The Standard & Poor's 500 Index <.SPX> rose 9.65 points, or 0.81 percent, to 1,207.17. The Nasdaq Composite Index <.IXIC> gained 20.20 points, or 0.81 percent, to 2,500.31.

NYMEX-NEW YORK, April 20 (Reuters) - U.S. crude oil futures edged up in post-settlement trading on Tuesday after industry data showed that crude stocks fell more than expected last week.

Heating oil and gasoline futures also inched up, after data from the American Petroleum Institute showed that inventories of those petroleum products fell, against forecasts that they increased.

On the New York Mercantile Exchange, June crude was up 93 cents, or 1.12 percent, at $84.06 a barrel. It had settled up 72 cents, or 0.87 percent, at $83.85, trading from $83.17 to $84.52.

CBOT-CHICAGO, April 20 (Reuters) - Chicago Board of Trade grains and soy complex close on Tuesday.

CBOT-SOYBEANS - May up 7-1/4 cents at $9.84 per bushel; November up 7-1/4 at $9.63-1/4. Short-covering bounce after the sharp decline on Monday. Strong export demand and firm crude oil prices lend support.

CBOT-SOYOIL - May up 0.14 cent at 39.07 cents per lb. Short-covering, gains in soybeans and firm crude oil lift soyoil futures.

FCPO-KUALA LUMPUR, April 20 (Reuters) - Malaysian palm oil futures climbed 1.1 percent on Tuesday, recovering from an 11-week low in the previous session due to better export data and rising crude prices.

The ringgit , Asia's best performing currency so far this year, rose against the U.S. dollar and curbed further gains in palm oil markets. A stronger ringgit makes crude palm oil more expensive for refiners and eats into their margins.

The benchmark July crude palm oil futures on Bursa Malaysia Deravatives Exchange settled up 28 ringgit to 2,498 ringgit ($776.7) per tonne. On Monday the contract fell to 2,455 ringgit the previous session, a level unseen since Feb. 2.

Overall traded volume rose to 17,814 lots of 25 tonnes each from the usual 10,000 lots.

REGIONAL EQUITIES-COLOMBO, April 20 (Reuters) - Thai stocks rose more than 5 percent on Tuesday, turning round from a three-session fall as some investors took the view the authorities were ready to take action to end protracted anti-government protests in the capital. Foreigners returned as valuations remained cheap, analysts said.

Regional markets that had been hurt by worries over the fraud allegations against Goldman Sachs recovered some poise, with Singapore <.FTSTI> rising 0.7 percent, Indonesia <.JKSE> 1.8 percent and Malaysia <.KLSE> 0.7 percent, led by banking shares.

In Singapore, Oversea-Chinese Banking Corp gained 0.4 percent and United Overseas Bank added 0.8 percent. Bucking the trend, top lender DBS Group Holdings fell 0.4 percent.

FKLI Daily: in Correction mode

Market was in correction mode after covering the upside gap left over at 1326-1330.5 levels. Hence, market look may move bias to sideways. As for now, we are looking for the immediate upside resistance at 1345-1350.5. While, to the downside support is lies at 1320-1310 levels.