VEGOILS-Palm strengthens on lower output after hitting two-week low

* Palm hits 2-week low of 3,051 ringgit before rising

* Market up on declining output - trader

* MPOB data scheduled for release on Wednesday after 0430

GMT

(Updates latest prices)

By Emily Chow

KUALA LUMPUR, Dec 13 (Reuters) - Malaysian palm oil futures

ended three losing sessions to gain in late trade on declining

output.

They fell to their lowest in two weeks earlier in the day on

slow export demand and as they tracked weaker-performing rival

oils.

Benchmark palm oil futures for February delivery

on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to

3,098 ringgit ($699) a tonne at the end of the trading day.

Earlier in the session, they hit a low of 3,051 ringgit, their

lowest since Dec. 1.

Traded volumes stood at 35,883 lots of 25 tonnes each, below

the 2015 average of 44,600 lots traded in a day.

Traders said palm reversed course to gain in the afternoon

due to lower production data for the first 10 days of December

from a local millers' association.

The market was down earlier before the release of official

data from the Malaysian Palm Oil Board (MPOB), said a futures

trader from Kuala Lumpur.

Official data from the MPOB is scheduled for release on Dec.

14.

"(The market is) squaring positions ahead of the MPOB data

tomorrow and lower exports," said the trader, referring to data

from cargo surveyor Intertek Testing Services.

Data showed that Malaysia's palm oil exports fell in the

first 10 days of December, down 8.3 percent from a month

earlier.

Exports are also likely to have dropped in November,

according to a Reuters poll, which saw a 9.8 percent decline

from October.

Output is seen dropping 2.8 percent, while end-stocks are

forecast to climb 7.4 percent to 1.69 million tonnes.

In related edible oils, the January soybean oil contract

on the CBOT was down 0.1 percent, while the May soybean

oil contract on the Dalian Commodity Exchange fell 0.6

percent.

The May contract of palm olein on the Dalian Commodity

Exchange dropped 0.7 percent.

Palm oil prices track the movements of related vegetable

oils, as they compete for a share in the global edible oils

market.

Palm, soy and crude oil prices at 1048 GMT

Contract Month Last Change Low High Volume

MY PALM OIL DEC6 3211 +37.00 3200 3212 60

MY PALM OIL JAN7 3119 +37.00 3067 3119 1761

MY PALM OIL FEB7 3099 +29.00 3051 3102 15697

CHINA PALM OLEIN MAY7 6294 -44.00 6238 6364 592186

CHINA SOYOIL MAY7 7148 -40.00 7106 7220 511146

CBOT SOY OIL JAN7 36.95 +0.00 36.73 37.1 8929

INDIA PALM OIL DEC6 563.80 +2.10 558.60 565.8 857

INDIA SOYOIL DEC6 726 +3.55 720 726.5 5370

NYMEX CRUDE JAN7 53.06 +0.23 52.47 53.10 94824

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 = 4.4340 ringgit)

($1 = 67.5375 Indian rupees)

($1 = 6.9020 Chinese yuan)

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

Adrian Croft)