VEGOILS-Palm hits over 1-week low on weaker related oils, stronger ringgit

* Market down for third session in four

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

(Updates with closing prices, quote)

By Emily Chow

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

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

weakness in related edible oils 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

0.9 percent at 2,199 ringgit ($535.69) a tonne at the close of

trade, charting a third session of falls in four. Earlier in the

session, it fell to 2,197 ringgit, its weakest since Aug. 15.

Trading volumes stood at 24,463 lots of 25 tonnes each on

Monday evening. (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 is still targetting 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 0.6 percent as expectations of a

record U.S. crop weighed on the market.

Meanwhile, the January soybean oil contract on China's

Dalian Commodity Exchange declined 1.7 percent and the

Dalian January palm oil contract fell 1.8 percent.

China's soybean and soymeal futures fell

on Monday, hit by concerns that outbreaks of African swine fever

in China may reduce demand for feed, along with forecasts for a

record U.S. crop.

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 1112 GMT

Contract Month Last Change Low High Volume

MY PALM OIL SEP8 2166 -12.00 2166 2178 352

MY PALM OIL OCT8 2181 -17.00 2179 2197 2344

MY PALM OIL NOV8 2198 -20.00 2197 2217 12115

CHINA PALM OLEIN JAN9 4840 -90.00 4832 4924 386942

CHINA SOYOIL JAN9 5786 -98.00 5782 5876 498842

CBOT SOY OIL DEC8 28.3 -0.19 28.25 28.5 8151

INDIA PALM OIL AUG8 590.10 -5.40 589.30 594.6 374

INDIA SOYOIL SEP8 726.8 -6.80 726.1 733.6 8650

NYMEX CRUDE OCT8 68.47 -0.25 68.34 68.79 64772

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 = 4.1050 ringgit)

($1 = 70.0900 Indian rupees)

($1 = 6.8740 Chinese yuan)

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

Evans)