VEGOILS-Palm oil gains on weather concerns, snaps losses

* Palm recovers losses of previous trading session, rises on

weather concerns

* Market seen correcting as export demand is still low

-trader

(Updates latest prices)

By Emily Chow

KUALA LUMPUR, Feb 11 (Reuters) - Malaysian palm oil futures

rose on Thursday, reversing losses made in the previous trading

session, over concerns that weather could hurt output.

The palm oil contract for April delivery on the

Bursa Malaysia Derivatives Exchange was up 1.1 percent at 2,596

ringgit ($627.81) per tonne at the end of the trading session.

Traded volume stood at 37,984 lots of 25 tonnes each.

"Demand isn't there but the weather is holding up the

market," said a trader based in Kuala Lumpur.

"There is some expected correction as exports are not very

good. The market will try to find support at 2,500 ringgit."

The dry weather effects of El Nino impacts palm's fresh

fruit yields and lowers production levels. Government data from

the Malaysian Palm Oil Board (MPOB) on Wednesday showed

end-stocks and output falling for the month of January by 12.4

percent and 19.3 percent respectively. (MYPOMS-TPO)

(MYPOMP-CPOTT)

Falling export numbers have capped palm's price gains in the

recent weeks, as demand from top consumers China and India

wanes.

Malaysian shipments during the first 10 days of February

fell by 23 percent compared with last month, according to cargo

surveyor Intertek Testing Service, while Societe Generale de

Surveillance showed a 39 percent drop.

In competing vegetable oil markets, the U.S. March soyoil

contract gained 0.3 percent.

Palm, soy and crude oil prices at 1012 GMT

Contract Month Last Change Low High Volume

MY PALM OIL FEB6 0 +0.00 0 0 0

MY PALM OIL MAR6 2534 +21.00 2495 2534 1993

MY PALM OIL APR6 2596 +29.00 2550 2600 16467

CHINA PALM OLEIN MAY6 0 +0.00 0 0 0

CHINA SOYOIL MAY6 0 +0.00 0 0 0

CBOT SOY OIL MAR6 31.10 +6.50 30.99 31.21 4514

INDIA PALM OIL FEB6 474.60 +6.50 468.70 476.80 1784

INDIA SOYOIL FEB6 614.20 +5.95 609.00 614.80 7940

NYMEX CRUDE MAR6 26.63 -0.82 26.52 27.47 71243

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 = 4.1350 ringgit)

($1 = 68.2300 Indian rupees)

($1 = 6.5710 Chinese yuan)

* 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

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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 --

(Reporting by Emily Chow; Editing by Anupama Dwivedi and Sherry

Jacob-Phillips)