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VEGOILS-Palm falls over 1 pct on weaker export outlook

* Market near 3-week low of 2,264 rgt/T

* Weaker oil and soyoil prices also weigh on palm - trader

* Palm may fall into 2,256-2,274 rgt/T range - techs

(Updates with closing prices)

By Emily Chow

KUALA LUMPUR, Feb 11 (Reuters) - Malaysian palm oil futures

fell over 1 percent to their lowest in nearly three weeks on

Monday as traders turned bearish due to a weaker outlook for


The benchmark palm oil contract for April delivery

on the Bursa Malaysia Derivatives Exchange fell 1.1 percent to

2,266 ringgit ($556.76) a tonne at the end of the trading day, a

second straight day of declines.

It had earlier fallen to 2,264 ringgit, its lowest since

Jan. 23.

Trading volumes stood at 35,402 lots of 25 tonnes each at

the close of trade. (1FCPO-TOT)

"The market is down on lower exports and the anticipation

that U.S. soyoil will slip lower tonight," said a Kuala

Lumpur-based trader.

Another trader had earlier said that weak external markets,

led by the falls in crude and U.S. soyoil, also weighed on palm.

Exports of Malaysian palm oil products for Feb. 1-10 fell

11.2-13 percent from Jan. 1-10, according to independent

inspection company AmSpec Agri Malaysia and cargo surveyor

Intertek Testing Services.

Malaysian exports rose 21.2 percent to 1.68 million tonnes

in January, according to industry regulator the Malaysian Palm

Oil Board, but the strong demand trend is not seen continuing in


The MPOB data also showed January stockpiles falling 6.7

percent from the previous month to 3 million tonnes, while

production fell 3.9 percent to 1.74 million tonnes.

In other related oils, the Chicago March soybean oil

contract fell 1 percent, while the May contract on the

Dalian Commodity Exchange rose 0.4 percent.

The Dalian January palm oil contract, meanwhile, was

trading flat around 1105 GMT.

Palm oil prices are affected by movements in soyoil rates,

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

Palm oil may fall into a range of 2,256-2,274 ringgit per

tonne, as its uptrend from the Nov. 27 2018 low of 1,940 ringgit

has reversed, said Wang Tao, a Reuters market analyst for

commodities and energy technicals.

Palm, soy and crude oil prices at 1105 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL FEB9 2202 +5.00 2200 2230 341

MY PALM OIL MAR9 2227 -28.00 2226 2253 4245

MY PALM OIL APR9 2265 -24.00 2264 2290 13470

CHINA PALM OLEIN MAY9 4772 +0.00 4762 4828 215478

CHINA SOYOIL MAY9 5746 +20.00 5722 5804 262112

CBOT SOY OIL MAR9 30.56 -0.31 30.5 30.87 7973

INDIA PALM OIL FEB9 564.90 -5.60 564.50 570.7 521

INDIA SOYOIL FEB9 774 -0.90 772.5 777.4 6330

NYMEX CRUDE MAR9 52.25 -0.47 51.82 52.78 148729

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 = 4.0700 ringgit)

($1 = 71.2410 Indian rupees)

($1 = 6.7762 Chinese yuan)

(Reporting by Emily Chow; Editing by Shreejay Sinha and Emelia