VEGOILS-Palm ends with more than 4% weekly loss

(Updates for market close) By Dewi Kurniawati JAKARTA, Dec 13 (Reuters) - Malaysian palm oil futures extended losses on Friday, tracking weakness in rival vegetable oils at the Chicago and Dalian exchanges and booked a weekly loss. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 17 ringgit, or 0.35%, to 4,904 ringgit ($1,102.77) a metric ton on the closing. The contract fell 4.37% for the week. "The futures seem to be trading range bound, awaiting fresh lead. Got to see how Dalian exchange behaves to decide on the direction," a Kuala Lumpur-based trader said. Dalian's most-active soyoil contract DBYcv1 fell 1.2%, while its palm oil contract DCPcv1 gained 0.5%. Soyoil lost 0.56% at the Chicago Board of Trade BOcv1 . Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market. Malaysia's palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world's second-largest producer of the tropical oil, the industry regulator told Reuters on Friday. Meanwhile, India's palm oil imports in November fell 0.4% from October to 841,993 metric tons, the Solvent Extractors' Association of India said. Cargo surveyor Intertek Testing Services predicted export of Malaysian palm oil products for Dec. 1-10 to have risen 3.9%, while independent inspection company AmSpec Agri Malaysia forecast a 1.1% rise. Oil prices nudged upwards on Friday, heading for their first weekly rise since the end of November, as additional sanctions on Iran and Russia ratcheted up supply worries, while a surplus outlook weighed on markets. O/R Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. ($1 = 4.4470 ringgit) (Reporting by Dewi Kurniawati; Editing by Janane Venkatraman, Sumana Nandy and Mohammed Safi Shamsi) (([email protected])) ((For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01 . * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils OILS/ASIA1 Malaysian palm oil exports SGSPALM1 CBOT soyoil futures 0#BO: CBOT soybean futures 0#S: Indian solvent SOLVENT01 Dalian Commodity Exchange DC/MENU Dalian soyoil futures 0#DBY: Dalian refined palm oil futures 0#DCP: Zhengzhou rapeseed oil 0#COI: European edible oil prices/trades OILS/E ))