VEGOILS-Palm oil dips on weaker demand and U.S. soyoil losses

* Market also seen range-trading -trader

* Palm could retest resistance at 2,434 rgt/T -techs

(Updates with closing prices)

By Emily Chow

KUALA LUMPUR, April 23 (Reuters) - Malaysian palm oil

futures declined on Monday evening, charting a second session of

decline in three, as the market was pulled down by weaker demand

and overnight losses in U.S. soyoil.

The benchmark palm oil contract for July delivery

on the Bursa Malaysia Derivatives Exchange fell 0.3 percent to

2,408 ringgit ($617.99) a tonne at the end of the trading day.

Trading volumes stood at 22,803 lots of 25 tonnes each at

the close.

"The market is reacting towards a weaker exports pace," said

a futures trader in Kuala Lumpur, referring to Malaysia palm oil

shipment data released last week.

Malaysia's palm oil exports rose 2 percent month on month

for April 1-20, according to inspection company AmSpec Agri

Malaysia.

Cargo surveyor Societe Generale de Surveillance, meanwhile,

pegged the period's exports decline at 1.8 percent.

The export figures showed overall slowing demand growth from

a month ago, when shipments for the full month of March were up

19.4 percent and 21.6 percent, according to SGS and AmSpec

respectively.

Another futures trader said palm oil was still trading in a

tight range, though overnight soyoil losses on the Chicago Board

of Trade weighed on the market on Monday.

Palm oil is affected by movements in rival edible oils that

compete for a share in the global vegetable oils market.

Chicago's July soybean oil contract was down 0.3

percent on Friday, but was last up 0.1 percent on Monday.

In other oils, September soybean oil on China's Dalian

Commodity Exchange was down 0.03 percent while the

Dalian September palm oil contract dipped 0.1 percent.

Palm oil could retest a resistance at 2,434 ringgit a tonne,

a break above which could lead to a gain to the next resistance

at 2,476 ringgit, said Wang Tao, a Reuters market analyst for

commodities and energy technicals.

Palm, soy and crude oil prices as of 1055 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAY8 2402 -8.00 2397 2405 556

MY PALM OIL JUN8 2408 -7.00 2401 2415 2835

MY PALM OIL JUL8 2406 -6.00 2400 2415 9997

CHINA PALM OLEIN SEP8 5016 -6.00 5008 5042 262080

CHINA SOYOIL SEP8 5824 -2.00 5806 5862 398120

CBOT SOY OIL JUL8 31.6 +0.05 31.45 31.65 7001

INDIA PALM OIL APR8 644.00 -1.40 643.00 645.3 424

INDIA SOYOIL MAY8 772.5 -4.15 772.15 776 6240

NYMEX CRUDE JUN8 68.15 -0.25 67.84 68.45 127154

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 = 3.8965 ringgit)

($1 = 66.4450 Indian rupees)

($1 = 6.3063 Chinese yuan)

(Reporting by Emily Chow

Editing by Tom Hogue and David Goodman)