VEGOILS-Palm hits over 1-week low on stronger ringgit

* Palm down for third session in four

* Weakness in related oils weighs on palm

* Palm still targets 2,192 rgt/t - Technicals

By Emily Chow

KUALA LUMPUR, Aug 27 (Reuters) - Malaysian palm oil futures

slipped to a more than one-week low on Monday, tracking weakness

in related edible oils on China's Dalian Commodity Exchange and

as the ringgit strengthened.

The ringgit, palm oil's currency of trade, gained 0.2

percent against the dollar to 4.0980, making the vegetable oil

more expensive for holders of foreign currencies.

The benchmark palm oil contract for November delivery

on the Bursa Malaysia Derivatives Exchange was down

0.3 percent at 2,213 ringgit ($539.10) a tonne at the midday

break, heading for a third session of falls in four. Earlier in

the session, it fell to its weakest since Aug. 16 at 2,205

ringgit.

Trading volumes stood at 8,936 lots of 25 tonnes each at

noon. (1FCPO-TOT)

"The current weakness in Dalian and strength in the local

currency are likely to trigger lower palm prices," said a Kuala

Lumpur-based trader.

The market is also trading cautiously ahead of an industry

conference on Tuesday and Wednesday, which is likely to see

leading analysts share their outlooks and price forecasts, said

the trader.

Palm oil still targets 2,192 ringgit, as it has broken a

support at 2,224 ringgit per tonne, said Wang Tao, a Reuters

market analyst for commodities and energy technicals.

In other related oils, the Chicago December soybean oil

contract was down 0.1 percent, while the January soybean

oil contract on China's Dalian Commodity Exchange

declined 1.1 percent.

The Dalian January palm oil contract fell 1.4

percent.

Palm oil prices are impacted by movements of other edible

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

market.

Palm, soy and crude oil prices at 0520 GMT

Contract Month Last Change Low High Volume

MY PALM OIL SEP8 2175 -3.00 2171 2178 61

MY PALM OIL OCT8 2195 -3.00 2187 2197 973

MY PALM OIL NOV8 2213 -6.00 2205 2217 4957

CHINA PALM OLEIN JAN9 4860 -70.00 4850 4924 297452

CHINA SOYOIL JAN9 5818 -66.00 5802 5876 383502

CBOT SOY OIL DEC8 28.46 -0.04 28.33 28.5 3950

INDIA PALM OIL AUG8 594.00 -1.50 592.70 594.6 27

INDIA SOYOIL SEP8 731.2 -2.40 730 733.6 1990

NYMEX CRUDE OCT8 68.75 +0.03 68.50 68.77 19428

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 = 70.0900 Indian rupees)

($1 = 6.8740 Chinese yuan)

($1 = 4.1050 ringgit)

(Reporting by Emily Chow; Editing by Subhranshu Sahu)