* Prices slip 1.4 pct on week, after 2-week climb

* Some investors doubtful whether strong demand will stay

* Palm oil targets 2,092-2,108 ringgit-technicals

(Recasts, updates prices)

fell on Friday and hit their lowest level in 3 weeks, snapping a

two-week uptrend, on rising scepticism among investors about the

sustainability of the robust export demand seen this month.

Palm futures in Malaysia, which set the tone for global

prices of the tropical oil, have dropped for four out of the

past five sessions, although data showing a surge in May exports

by the second-biggest producer limited losses.

The contract clawed back some gains on Thursday as weak

prices attracted bargain hunters, but brewing doubts on demand

from key buyers in the coming months weighed.

"Things are a little on the negative side, but export

numbers have been awesome of late. That has provided some

support," said a trader with a foreign commodities brokerage in

Kuala Lumpur. Cargo surveyor data showed an up to 53 percent

surge in shipments of Malaysian palm oil between May 1-20.

"But some people feel that the good exports will taper off

at the end of the month and it would not remain at this pace ...

this pace is just too good to be true," the trader added.

The benchmark August contract on the Bursa

Malaysia Derivatives exchange had sunk 1.02 percent to 2,136

ringgit ($596.31) a tonne. In afternoon trading prices touched

the 2,127 ringgit level, their lowest in three weeks.

Palm is down 1.4 percent for the week, its first decline

after two weeks of gains.

Total traded volume stood at 34,598 lots of 25 tonnes each,

below the average 35,000 lots.

The El Nino weather phenomenon predicted by meteorologists

could push depressed palm oil prices as high as $700 a tonne

this year, an industry group in top producer Indonesia said on

Friday, although any impact on production would not come until

early 2016.

Meanwhile, Malaysia's Sime Darby Bhd, the world's

largest listed palm oil producer, reported a 54.7 percent drop

in its third-quarter net profit amid weaker prices of the

tropical oil and lower earnings at its industrial and motors

businesses.

In other markets, oil prices steadied on Friday as worries

over the impact on crude supplies of war in the Middle East were

balanced by reports of profit-taking ahead of a long weekend.

The U.S. July soyoil contract was down 0.31 percent

by 1036 GMT, while the most active September soybean oil

contract on the Dalian Commodity Exchange inched down

0.07 percent.

Palm, soy and crude oil prices at 1038 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUN5 2132 -22.00 2125 2147 404

MY PALM OIL JUL5 2139 -24.00 2129 2157 7207

MY PALM OIL AUG5 2136 -22.00 2127 2156 17288

CHINA PALM OLEIN SEP5 4938 +12.00 4912 4966 450228

CHINA SOYOIL SEP5 5706 +4.00 5684 5750 528966

CBOT SOY OIL JUL5 32.16 -2.20 32.05 32.36 5656

INDIA PALM OIL MAY5 447.50 -2.20 447.00 451.60 219

INDIA SOYOIL JUN5 596.10 -2.25 594.20 600.30 24625

NYMEX CRUDE JUL5 60.41 -0.31 60.27 60.80 21755

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 = 3.5820 ringgit)

($1 = 6.1972 Chinese yuan)

($1 = 63.5400 Indian rupees)