VEGOILS-Palm hits one-week top on gains in related edible oils

* Market touches 2,220 rgt/T, highest since Oct 5

* Oil, bearish production outlook supportive of prices -

Trader

* Palm oil may bounce into 2,214-2,228 rgt/T range -

Technicals

By Emily Chow

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

jumped over 1 percent to a one-week high on Monday, supported by

gains in related edible oils, strength in crude oil prices and

on bearish production outlook.

The benchmark palm oil contract for December delivery

on the Bursa Malaysia Derivatives Exchange was trading

1.1 percent higher at 2,218 ringgit ($533.69) a tonne at the

midday break.

Earlier in the session, it rose as much 1.2 percent to 2,220

ringgit, its highest since October 5.

Trading volumes stood at 21,312 lots of 25 tonnes each at

noon. (1FCPO-TOT)

"Palm is up on soyoil and Dalian," said a Kuala Lumpur-based

futures trader, referring to soyoil on the U.S. Chicago Board of

Trade and palm olein on China's Dalian Commodity Exchange.

Palm oil prices are affected by movements of other edible

oils as they compete for a share in the global vegetable oils

market.

The Chicago December soybean oil contract saw gains

of 1.3 percent on Friday after a government report forecast a

smaller-than-expected U.S. harvest. It was last up 0.2 percent

on Monday.

In other related oils, the January soybean oil contract on

the Dalian Commodity Exchange rose 0.5 percent, while

the Dalian January palm oil contract climbed 1.4

percent.

Another palm oil futures trader said crude oil prices were

also supportive of the edible oil, and that sentiment was

bullish after the recent rains, which could lower production and

boost prices.

Crude oil futures rose on Monday as geo-political tensions

over the disappearance of a prominent Saudi journalist stoked

worries about supply, although concerns about the long-term

outlook for demand dragged on prices.

Palm oil may bounce more into a range of 2,214-2,228 ringgit

per tonne, according to Wang Tao, a Reuters market analyst for

commodities and energy technicals.

Palm, soy and crude oil prices at 0451 GMT

Contract Month Last Change Low High Volume

MY PALM OIL OCT8 2148 +35.00 2147 2150 240

MY PALM OIL NOV8 2170 +25.00 2156 2172 1033

MY PALM OIL DEC8 2218 +25.00 2202 2220 9695

CHINA PALM OLEIN JAN9 4830 +66.00 4794 4836 211300

CHINA SOYOIL JAN9 5922 +28.00 5910 5944 261428

CBOT SOY OIL DEC8 29.46 +0.07 29.37 29.5 1700

INDIA PALM OIL OCT8 588.70 +2.10 588.20 589.1 14

INDIA SOYOIL OCT8 752 +2.10 748.3 752 450

NYMEX CRUDE NOV8 72.13 +0.79 71.77 72.70 40565

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 = 4.1560 ringgit)

($1 = 6.9171 Chinese yuan)

($1 = 73.8325 Indian rupees)

(Reporting by Emily Chow; Editing by Sherry Jacob-Phillips)