VEGOILS-Palm oil closes at its lowest since October as weak rivals weigh

JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third session on Wednesday, dragged down by lacklustre performances in Dalian vegetable oils and expectations of improved output.

The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange lost 36 ringgit, or 0.89%, to 4,007 ringgit ($912.98) a metric ton at closing, its lowest closing price since October 1.

"Palm futures is tracking spillover weakness from the external markets," a Kuala Lumpur-based trader said, adding that expectation of a seasonal output growth also pressured the price.

Meanwhile, strong export data for the April 1-15 period lent support to the contract, the trader said.

Exports of Malaysian palm oil products for April 1-15 are estimated to rise between 13.6% and 17% from a month ago, said cargo surveyor Intertek Testing Services and independent inspection company AmSpec Agri Malaysia.

Dalian's most active soyoil contract DBYcv1 was down 0.23%, while its palm oil contract DCPcv1 plunged 1.08%. Soyoil prices on the Chicago Board of Trade (CBOT) BOc2 were up 0.38%.

Palm oil tracks price movements of rival edible oils as it competes for a share of the global vegetable oils market.

Malaysia has maintained its May export tax for crude palm oil at 10% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

Palm oil FCPOc3 may bounce into a range of 4,119-4,176 ringgit per ton, as it has stabilized around support at 4,026 ringgit, Reuters technical analyst Wang Tao said. TECH/C

($1 = 4.4130 ringgit)

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