VEGOILS-Palm falls 1 pct on rising production outlook

* Palm snaps four straight sessions of gains

* Palm has climbed 1.7 pct this week

(Updates with closing prices, quote)

By Emily Chow

KUALA LUMPUR, March 16 (Reuters) - Malaysian palm oil

futures fell 1 percent on Friday, ending four straight days of

gains on forecasts for rising production in March.

"Production figures are likely to be higher this month,"

said a Kuala Lumpur based trader, as March has more working days

than February and output then tends to rise in line with

seasonal trends.

The benchmark palm oil contract for June delivery

on the Bursa Malaysia Derivatives Exchange was down 1 percent at

2,416 ringgit ($618.38) a tonne at the end of the trading day.

Trading volumes stood at 43,915 lots of 25 tonnes each on

Friday evening.

The contract had earlier hit its highest since March 7,

supported by a weaker ringgit and strength in related

edible oils.

Weakness in the ringgit, palm oil's currency of trade,

typically lends support to the edible oil by making it cheaper

for holders of foreign currencies.

Palm had hit a more than one-and-a-half-year low on Monday,

and has gained 1.7 percent this week.

In other related oils, the Chicago Board of Trade's May

soybean oil contract was last down 0.7 percent, while

the May soybean oil on China's Dalian Commodity Exchange

slipped 0.1 percent.

The Dalian May palm oil contract dipped 0.04

percent.

Palm oil prices are impacted by movements in rival edible

oils as they compete in the global vegetable oils market.

Palm, soy and crude oil prices as of 1050 GMT

Contract Month Last Change Low High Volume

MY PALM OIL APR8 2433 -17.00 2431 2480 1452

MY PALM OIL MAY8 2428 -17.00 2426 2464 12390

MY PALM OIL JUN8 2418 -25.00 2414 2455 16561

CHINA PALM OLEIN MAY8 5100 -2.00 5098 5144 231284

CHINA SOYOIL MAY8 5684 -4.00 5672 5720 271678

CBOT SOY OIL MAY8 31.85 -0.21 31.85 32.11 23145

INDIA PALM OIL MAR8 639.00 +0.20 637.20 640.7 564

INDIA SOYOIL MAR8 769 -3.30 767.2 770.45 2270

NYMEX CRUDE APR8 61.41 +0.22 61.12 61.44 23783

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 = 3.9070 ringgit)

($1 = 64.9650 Indian rupees)

($1 = 6.3232 Chinese yuan)

(Reporting by Emily Chow; Editing by Subhranshu Sahu and Mark

Potter)