* Palm oil falls for 3rd consecutive day after rally

* Stabilising ringgit, concern over data dampen market

The Malaysian Palm Oil Board is set to release September palm oil data next Monday. Local output and stockpile levels are expected to reach record highs, which could further hurt palm prices.

The benchmark December palm oil contract on the Bursa Malaysia Derivatives exchange lost 2.2 percent to touch an intra-day low of 2,268 ringgit ($537.70) a tonne, its lowest in two weeks,

before climbing slightly to 2,272 ringgit at the midday break.

The contract hit a near 15-month high of 2,444 ringgit on Tuesday.

"The ringgit is stabilising though it weakened a bit... Next week the Malaysian Palm Oil Board figures are coming out, and the anticipation is bearish," said a trader with a foreign commodities

brokerage in Kuala Lumpur.

"The market rally in the last two weeks on a weak ringgit and comments from the conference in India has died down already, so the market is normalising back to square one."

Traded volume stood at 28,082 lots of 25 tonnes each, more than double the average 13,500 lots usually traded by the end of the morning session.

The Malaysian ringgit jumped 5 percent against the dollar on Wednesday due to a better performing local stock index, stronger-than-expected August exports and a rebound in global crude oil

prices.

It stood at 4.2160 against the dollar at midday on Thursday.

Palm oil is expected to fall to 2,234 ringgit per tonne, as it has broken a support at 2,283 ringgit, according to Reuters market analyst for commodities and energy technicals Wang Tao.

In competing vegetable oil markets, the U.S. December soyoil contract was down 0.7 percent, while the January soybean oil contract on the Dalian Commodity Exchange was 1.3 percent

higher.

Palm, soy and crude oil prices at 0535 GMT

Contract Month Last Change Low High Volume

MY PALM OIL OCT5 2220 -51.00 2215 2224 40

MY PALM OIL NOV5 2239 -46.00 2230 2296 1757

MY PALM OIL DEC5 2272 -47.00 2268 2328 14433

CHINA PALM OLEIN JAN6 4506 +36.00 4478 4550 411688

CHINA SOYOIL JAN6 5466 +66.00 5442 5528 238578

CBOT SOY OIL DEC5 28.35 -3.80 28.32 28.62 4011

INDIA PALM OIL OCT5 423.60 -3.80 423.00 426.70 584

INDIA SOYOIL OCT5 627.80 -0.50 623.30 633.00 8555

NYMEX CRUDE NOV5 47.93 +0.12 47.76 48.39 16295

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 = 4.2160 ringgit)

($1 = 65.1550 Indian rupees)

($1 = 6.3507 Chinese yuan)