The dip in European palm oil prices was largely fueled byMalaysian export data, which late last week showed exports ofpalm oil products for July 1-10 fell by about a third from thesame time last month.

Cargo surveyor Societe Generale de Surveillance pegged thedrop at 34.7 percent, or from 473,307 tonnes to 308,875 tonnes.Intertek Testing Services also said shipments had declined by32.5 during the period.

The news largely countered a rise in prices seen earlier onFriday, after the Malaysian Palm Oil Board (MPOB) reported adrop in the country's stockpiles and a rise in exports in June.

Yet exports are expected to continue declining over the nextfew months as demand normalises following a spike during themonth of Ramadan.

The expected drop in exports was reflected in asking pricesfor RBD palmolein, which were down $7.50 for Oct/Dec, with thatposition last trading at $605.

Crude palm oil prices were also under pressure, with askingprices for Aug/Sep down $2.50 and Jan/Mar down $5. CPO for Julydelivery last traded at $635.

Soybean oil prices rose on Monday as the market reacted tonews that China, the world's largest soy buyer, imported 8.09million tonnes of grain in June. That's a 26.6 percent increasefrom June 2014 and an increase of 2.8 percent for the first sixmonths from the same period a year ago.

Soybean oil for July delivery priced at 695 euros by the endof trading, gaining 15 euro on Friday's close. Other positionsalso closed about 5 euros higher than the last session.

The increase mirrored a rise in Chicago soybean oil withAugust up 0.38 percent to 32.80 cents per lb at 1720 GMT.

Prices extended gains made late last week, when the U.S.Department of Agriculture slashed its estimates for domesticsoybean ending stocks. Yet forecasts for warmer weather in theU.S. Midwest, where heavy rains have recently threatened soycrops, kept a lid on soybean oil gains.

Rapeseed oil prices remained stable, but stock for Nov/Janregained some of the losses it saw last week. That position lasttraded at 722 euros, up 2 euros on Friday's close.

EUROPEAN VEGOILS TRADES CIF Rotterdam unless otherwise stated - - - - - - - - - - - - - - - - - - - - - RAPEOIL Dutch/EU euro tonne fob exmill

Nov/Jan 721/722 Feb/Apr 725CRUDE PALM OIL Sumatra/Malaysia slrs option dlrs tonne cif R'dam