VEGOILS-Palm dips as sentiment remains bearish on U.S.-China trade war

* Palm in line for fourth session of losses

* Market takes a breather, but overall sentiment negative -

Trader

* Palm also tracking weaker U.S. soyoil

By Emily Chow

KUALA LUMPUR, June 21 (Reuters) - Malaysian palm oil futures

were set for a fourth straight day of losses on Thursday, as

weak sentiment persisted due to concerns about a trade war

between China and the U.S. and on losses in U.S. soyoil.

The benchmark palm oil contract for September delivery

on the Bursa Malaysia Derivatives Exchange was down

0.2 percent at 2,257 ringgit ($562.84) per tonne at the midday

break.

Trading volumes stood at 21,518 lots of 25 tonnes each at

noon. (1FCPO-TOT)

"The palm market is taking a breather after the massive

sell-offs in China markets... but overall market sentiment is

still negative," said a Singapore-based trader.

Palm oil had seen sharp declines earlier in the week,

falling as much as 3 percent to two-year lows on Tuesday,

tracking related edible oils on the U.S. Chicago Board of Trade

(CBOT) and China's Dalian Commodity Exchange.

Prices of commodities in China tumbled as investor sentiment

was shaken by an intensifying trade war between Beijing and

Washington.

Another trader added that palm also declined tracking weaker

CBOT soyoil. The Chicago July soybean oil contract was

last down 0.7 percent on Thursday.

Meanwhile, the September soybean oil on China's Dalian

Commodity Exchange edged up 0.1 percent, while the

Dalian September palm oil contract rose 1.3 percent.

Palm oil prices track the performance of other edible oils,

as they compete for a share in the global vegetable oils market.

Palm, soy and crude oil prices at 0510 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUL8 2262 +1.00 2260 2262 90

MY PALM OIL AUG8 2256 -5.00 2256 2274 1164

MY PALM OIL SEP8 2257 -5.00 2256 2276 7802

CHINA PALM OLEIN SEP8 4690 +62.00 4664 4716 206206

CHINA SOYOIL SEP8 5498 +6.00 5478 5518 230558

CBOT SOY OIL JUL8 29.17 -0.20 29.16 29.45 1503

INDIA PALM OIL JUN8 631.60 -0.80 630.40 632.3 137

INDIA SOYOIL JUL8 745.5 -0.10 745 746.45 2700

NYMEX CRUDE AUG8 65.47 -0.24 65.33 65.80 28798

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 = 4.0100 ringgit)

($1 = 68.1900 Indian rupees)

($1 = 6.4912 Chinese yuan)

(Reporting by Emily Chow

Editing by Sunil Nair)