VEGOILS-Palm declines over 1 pct on weaker U.S. soyoil

* Market charts a second weekly fall

* Feb 1-15 exports up as much as 12.9 pct - cargo surveyor

* Palm oil may retest support at 2,249 rgt/tonne - techs

(Updates with closing prices)

By Emily Chow

KUALA LUMPUR, Feb 15 (Reuters) - Malaysian palm oil futures

fell over 1 percent on Friday, recording a fifth session of

declines in six, tracking weakness in soyoil on the U.S. Chicago

Board of Trade (CBOT).

The benchmark palm oil contract for April delivery

on the Bursa Malaysia Derivatives Exchange was down 1.1 percent

at 2,253 ringgit ($551.80) a tonne at the close of trade, its

sharpest daily decline in a week.

The contract also lost 1.6 percent this week in its second

straight weekly decline.

Trading volumes stood at 32,706 lots of 25 tonnes each on

Friday evening. (1FCPO-TOT)

"Palm oil fell tracking CBOT soyoil, which slumped

overnight," said a Kuala Lumpur-based futures trader.

Palm oil prices are affected by movements in soyoil rates,

as they compete for a share in the global vegetable oil market.

Exports in the first half of February likely rose from a

month earlier, but the demand may not be sustained throughout

the month, the trader said.

"Seasonally, exports in February should be lower... but we

could also see some (demand) spillover from January."

Malaysian palm oil exports during Feb. 1-15 rose 11.6-12.9

percent from a month ago, according to data released by Intertek

Testing Services and AmSpec Agri Malaysia during the midday

break on Friday.

Another cargo surveyor, Societe Generale de Surveillance,

reported a 4.2 percent gain for the same period on Friday

evening.

In other related oils, the Chicago March soybean oil

contract was down 0.2 percent after shedding 0.3 percent

in the previous session.

CBOT grains and soybean futures tumbled on Thursday on news

that China and other buyers had cancelled a flurry of U.S.

soybean orders in early January and Argentina's soy crop could

be larger than previously expected, traders said.

Meanwhile, the May soyoil contract on the Dalian Commodity

Exchange fell 0.2 percent, while the Dalian May palm oil

contract was down 0.1 percent.

Palm oil may retest support at 2,249 ringgit per tonne, as

it has completed a bounce triggered by this level, said Wang

Tao, a Reuters market analyst for commodities and energy

technicals.

Palm, soy and crude oil prices at 1034 GMT

Contract Month Last Change Low High Volume

MY PALM OIL FEB9 0 +0.00 0 0 0

MY PALM OIL MAR9 2201 -31.00 2201 2224 1531

MY PALM OIL APR9 2253 -24.00 2250 2275 11065

CHINA PALM OLEIN MAY9 4768 -4.00 4746 4788 298896

CHINA SOYOIL MAY9 5680 -12.00 5674 5724 211068

CBOT SOY OIL MAR9 29.83 -0.06 29.8 29.95 2738

INDIA PALM OIL FEB9 556.50 -2.20 555.20 558.9 280

INDIA SOYOIL FEB9 774.1 -0.25 774.1 776 1060

NYMEX CRUDE MAR9 54.48 +0.07 54.24 55.01 50269

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 = 4.0830 ringgit)

($1 = 71.2540 Indian rupees)

($1 = 6.7698 Chinese yuan)

(Reporting by Emily Chow; Editing by Subhranshu Sahu and Emelia

Sithole-Matarise)