VEGOILS-Palm retreats from seven-month highs on stronger ringgit

* Market charts first weekly decline in four

* Losses in U.S. soyoil also weigh - trader

* Palm oil may fall to 2,274 rgt/T - techs

(Updates with closing prices)

By Emily Chow

KUALA LUMPUR, Feb 8 (Reuters) - Malaysian palm oil futures

fell more than 1 percent on Friday, retreating from the previous

session's seven-month high, hindered by a stronger ringgit

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

The benchmark palm oil contract for April delivery

on the Bursa Malaysia Derivatives Exchange closed down 1.2

percent at 2,290 ringgit ($563.07) a tonne, its sharpest daily

fall in over a week.

Palm rose to a seven-month high of 2,344 ringgit on Thursday

but ended the week down 0.4 percent after three weeks of gains.

Trading volumes stood at 24,853 lots of 25 tonnes each.

(1FCPO-TOT)

"The drop in rival oilseed and continuous appreciation in

the ringgit may renew selling activities," said a Kuala Lumpur-

based trader.

A stronger ringgit, palm's currency of trade, usually makes

the edible oil more expensive for foreign buyers.

The ringgit, which had risen 0.5 percent on Thursday,

extended its gains against the dollar on Friday. It was last up

0.1 percent at 4.0670 per dollar.

In other related oils, the Chicago March soybean oil

contract fell 0.6 percent, in line with market concerns

over a prolonged Washington-Beijing trade war and slowing global

economic growth.

China's Dalian Commodity Exchange is closed for the Lunar

New Year.

Palm oil prices are affected by movements in soyoil rates,

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

Palm oil may fall to 2,274 ringgit per tonne, as its uptrend

from the Jan. 14 low of 2,134 ringgit may have reversed, said

Wang Tao, a Reuters market analyst for commodities and energy

technicals.

Palm, soy and crude oil prices at 1044 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL FEB9 2190 -26.00 2190 2217 153

MY PALM OIL MAR9 2254 -29.00 2254 2279 1224

MY PALM OIL APR9 2289 -28.00 2289 2312 10588

CHINA PALM OLEIN MAY9 0 +0.00 0 0 0

CHINA SOYOIL MAY9 0 +0.00 0 0 0

CBOT SOY OIL MAR9 30.62 -0.19 30.58 30.84 5802

INDIA PALM OIL FEB9 569.00 -3.70 568.10 575 730

INDIA SOYOIL FEB9 775.2 -0.90 773.35 777 6720

NYMEX CRUDE MAR9 52.60 -0.04 52.08 52.69 82596

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 = 4.0670 ringgit)

($1 = 71.2000 Indian rupees)

($1 = 6.7426 Chinese yuan)

(Reporting by Emily Chow; Editing by Shreejay Sinha and Kirsten

Donovan)