VEGOILS-Palm falls on weaker crude, soyoil; charts fourth straight monthly decline

By Emily Chow

* Market down 1.2% in May * Palm however up 2.8% on week * Export demand growth also shrinking - trader (Updates with closing prices, quote) By Emily Chow KUALA LUMPUR, May 31 (Reuters) - Malaysian palm oil futures declined in evening trade on Friday, weighed down by weakness in crude oil and U.S. soyoil prices on the Chicago Board of Trade. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed 0.7% lower at 2,069 ringgit ($493.91) per tonne at the end of the trading day. The market is up 2.8% this week, but charted a fourth straight monthly decline with a 1.2% drop on-month. "Crude oil and soyoil prices fell, and export gains are also reducing," said a futures trader in Kuala Lumpur, as palm oil prices are impacted by movements in related commodities. "Even though end-stocks in May are going to be lower (than April), the market is looking at the reducing growth in demand." Malaysian palm oil exports also rose 6.5-10.2% on a monthly basis in May, according to data from cargo surveyors Societe Generale de Surveillance, Intertek Testing Services and AmSpec Agri Malaysia on Friday. Oil fell on Friday and held on track for its biggest monthly drop in six months as comments from U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook. Meanwhile, the Chicago July soybean oil contract declined 0.7% after four earlier sessions of gains. Soybean prices are set to finish May on a positive note for the first time in four months. In other related oils, the September soyoil contract on the Dalian Commodity Exchange slipped 0.4% and the Dalian September palm oil contract eased 0.3%. Palm oil prices are affected by movements in soyoil, with which it competes for global market share. Palm, soy and crude oil prices at 1106 GMT Contract Month Last Change Low High Volume MY PALM OIL JUN9 2033 +10.00 2012 2033 250 MY PALM OIL JUL9 2054 -14.00 2050 2075 2544 MY PALM OIL AUG9 2071 -15.00 2065 2093 15231 CHINA PALM OLEIN SEP9 4470 -12.00 4464 4492 339636 CHINA SOYOIL SEP9 5482 -22.00 5480 5520 315132 CBOT SOY OIL JUL9 27.59 -0.19 27.54 27.83 8345 INDIA PALM OIL MAY9 518.30 -1.20 518.00 519.4 898 INDIA SOYOIL JUN9 753.5 -3.55 747.8 757.55 6860 NYMEX CRUDE JUL9 55.45 -1.14 54.83 56.61 253933 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 * For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type . * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in 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 -- Malaysian palm oil exports -- CBOT soyoil futures -- CBOT soybean futures -- Indian solvent -- Weekly Indian vegetable oils -- Dalian Commodity Exchange -- Dalian soyoil futures -- Dalian refined palm oil futures -- Zhengzhou rapeseed oil -- European edible oil prices/trades -- ($1 = 4.1890 ringgit) ($1 = 69.8025 Indian rupees) ($1 = 6.9117 Chinese yuan) (Reporting by Emily Chow; editing by Uttaresh.V and David Evans)