VEGOILS-Palm loses gains to fall in late trade on weak export data

* Palm earlier gained over 1 pct at midday break

* Hit six-week high of 2,481 rgt/T

* Palm oil exports fell 18-20.9 pct in May 1-20 period -SGS,

AAM

(Updates with closing prices, quote)

By Emily Chow

KUALA LUMPUR, May 21 (Reuters) - Malaysian palm oil futures

declined on Monday evening, snapping two sessions of gains,

weighed down by weaker export data from a cargo surveyor and an

inspection company.

The benchmark palm oil contract for August delivery

on the Bursa Malaysia Derivatives Exchange fell 0.2

percent to 2,446 ringgit ($614.88) a tonne at the close.

The contract had risen 1.3 percent to 2,481 ringgit earlier

in the session, its highest since April 9, buoyed by overnight

strength in U.S. soyoil on the Chicago Board of Trade and a

weaker ringgit, as this makes palm oil cheaper for

holders of foreign currencies.

Trading volume stood at 42,177 lots of 25 tonnes each at the

close.

Palm oil exports from Malaysia, the world's second-largest

producer and exporter, dropped 20.9 percent between May 1 and 20

compared with the corresponding period in April, inspection

company AmSpec Agri Malaysia reported on Monday.

Meanwhile, cargo surveyor Societe Generale de Surveillance

said shipments fell 18 percent in the same period.

"The market reacted towards the export data," said a futures

trader based in Kuala Lumpur.

In other related oils, the Chicago July soybean oil contract

climbed as much as 0.7 percent, while the September

soybean oil on China's Dalian Commodity Exchange edged

up 0.1 percent.

Meanwhile, the Dalian September palm oil contract

dipped 0.1 percent.

Palm oil is also affected by movements in rival edible oils

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

Palm, soy and crude oil prices, as of 1119 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN8 2433 +0.00 2427 2463 1976

MY PALM OIL JUL8 2439 -5.00 2427 2475 8601

MY PALM OIL AUG8 2445 -4.00 2433 2481 17181

CHINA PALM OLEIN SEP8 5132 -4.00 5118 5206 561784

CHINA SOYOIL SEP8 5794 +6.00 5782 5886 728906

CBOT SOY OIL JUL8 31.2 +0.22 31.15 31.35 12219

INDIA PALM OIL MAY8 659.90 -2.70 658.00 664.5 709

INDIA SOYOIL JUN8 767.5 -6.25 767.3 776.6 15010

NYMEX CRUDE JUN8 71.43 +0.15 71.32 71.92 10383

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 = 3.9780 ringgit)

($1 = 68.0925 Indian rupees)

($1 = 6.3861 Chinese yuan)

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

Adrian Croft)