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0244 GMT - Palm oil rises in Asian trading, driven by stronger export demand and lower crude palm oil production in Malaysia, PhillipCapital says in a note. Malaysia's palm oil exports for June 1-10 are estimated to have risen 4.9% from the same period last month, according to cargo surveyor AmSpec Agri Malaysia. A weaker ringgit is also seen supporting crude palm oil demand as it makes the commodity cheaper in foreign currency terms, it adds. PhillipCapital expects prices to face resistance at 4,680 ringgit a ton and find support at 4,350 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 29 ringgit lower at 4,567 ringgit a ton. (yingxian.wong@wsj.com)

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