* Palm oil falls for 2nd consecutive session after rally

* Stronger ringgit on Malaysian trade data hurts

fell on Wednesday for a second consecutive trading session on a

strengthening ringgit and after its rally last month shifted

demand to Indonesia.

The benchmark December contract on the Bursa

Malaysia Derivatives exchange was down 1.39 percent at 2,339

ringgit ($544.33) a tonne at the midday break. It had reached a

near 15-month high of 2,444 ringgit on Tuesday.

"The market is falling due to the stronger ringgit today,"

said a Kuala Lumpur-based trader with a foreign commodities

brokerage.

"Also, without any significant rally in the soy oil market,

traders are taking the opportunity to take profit."

Traded volume stood at 17,631 lots of 25 tonnes each, above

the average 13,500 lots usually traded by the end of the morning

session.

The ringgit gained over 2 percent against the dollar on

Wednesday after the release of stronger-than-expected trade and

export data, reaching an intraday high of 4.2850 at midday. It's

emerging Asia's worst performing currency so far after losing

about 20 percent this year.

A weakening ringgit, the currency palm oil is traded in,

usually lends support to palm prices.

On the technical front, palm oil looks neutral in a range of

2,349-2,464 ringgit per tonne and an escape will point a

direction, said Reuters market analyst for commodities and

energy technicals Wang Tao.

In competing vegetable oil markets, U.S. December soyoil

contract fell slightly by 0.1 percent in early Asian

trade.

Palm, soy and crude oil prices at 0459 GMT

Contract Month Last Change Low High Volume

MY PALM OIL OCT5 0 +0.00 0 0 0

MY PALM OIL NOV5 2301 -33.00 2301 2339 1482

MY PALM OIL DEC5 2339 -33.00 2337 2380 11304

CHINA PALM OLEIN JAN6 0 +0.00 0 0 0

CHINA SOYOIL JAN6 0 +0.00 0 0 0

CBOT SOY OIL DEC5 28.69 -0.50 28.67 28.80 2015

INDIA PALM OIL OCT5 429.00 -0.50 425.00 429.00 334

INDIA SOYOIL OCT5 627.60 -0.05 624.70 627.70 4075

NYMEX CRUDE NOV5 49.35 +0.82 48.69 49.44 23060

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 = 4.2970 ringgit)

($1 = 65.2600 Indian rupees)

($1 = 6.3559 Chinese yuan)