VEGOILS-Palm recovers from two-month low on weaker ringgit

* Palm up after 5 straight sessions of losses

* Market also supported by stronger related oils - trader

* Palm down 4.6 pct so far on week

By Emily Chow

KUALA LUMPUR, March 1 (Reuters) - Malaysian palm oil futures

rose on Friday, in line to snap five sessions of declines,

bolstered by a weaker ringgit and firmer related edible

oils.

The benchmark palm oil contract for May delivery

on the Bursa Malaysia Derivatives Exchange jumped 1.5 percent to

2,153 ringgit ($528.86) a tonne at the midday break, its biggest

gain since Jan. 22.

The market, however, is down 4.6 percent so far on week,

following a decline to its lowest levels in two months in the

previous trading session.

Trading volumes stood at 18,192 lots of 25 tonnes each at

noon. (1FCPO-TOT)

"Firmer external markets lent palm support, along with the

weaker ringgit," said a Kuala Lumpur-based futures trader,

referring to palm's traded currency.

A weaker ringgit usually makes the edible oil cheaper for

holders of foreign currencies. The ringgit was last down 0.2

percent against the dollar at 4.0710.

In other related oils, the Chicago March soybean oil

contract had risen 0.5 percent on Thursday, but was last

trading flat at around 0430 GMT on Friday.

The May soyoil contract on the Dalian Commodity Exchange

gained 1.7 percent and the Dalian May palm oil contract

rose 1 percent.

Palm oil prices are affected by movements in soyoil, as they

compete for a share in the global vegetable oil market.

Palm, soy and crude oil prices at 0436 GMT

Contract Month Last Change Low High Volume

MY PALM OIL MAR9 1945 +30.00 1939 1950 94

MY PALM OIL APR9 2097 +34.00 2067 2097 1516

MY PALM OIL MAY9 2153 +32.00 2127 2153 8841

CHINA PALM OLEIN MAY9 4598 +46.00 4534 4628 530054

CHINA SOYOIL MAY9 5770 +94.00 5662 5802 505608

CBOT SOY OIL MAR9 29.96 +0.00 29.96 29.96 777

INDIA PALM OIL MAR9 554.00 +2.70 551.60 555.9 185

INDIA SOYOIL MAR9 760.5 +4.10 756.35 760.8 1140

NYMEX CRUDE APR9 57.41 +0.19 57.15 57.59 23969

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 = 4.0710 ringgit)

($1 = 70.8000 Indian rupees)

($1 = 6.6978 Chinese yuan)

(Reporting by Emily Chow; Editing by Shreejay Sinha)