VEGOILS-Palm ends lower on weak crude oil, logs weekly fall

KUALA LUMPUR, Oct 17 (Reuters) - Malaysian palm oil futures ended lower on Friday, snapping a two-week rally, as weaker crude oil prices pressured the market.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange slid 6 ringgit, or 0.13%, to 4,514 ringgit ($1,068.66) a metric ton at the close. The contract fell 0.68% this week.

The market traded lower as weak crude oil prices weigh on market sentiment, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.

Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

Oil prices edged lower, heading for a weekly loss of around 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. O/R

Dalian's most-active soyoil contract DBYcv1 added 0.05%, while its palm oil contract DCPcv1 shed 0.19%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.49%.

Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market.

The ringgit MYR=, palm's currency of trade, strengthened 0.02% against the dollar, making the commodity slightly more expensive for buyers holding foreign currencies.

Indonesia, the world's largest palm oil producer, is considering a plan to require international flights from Jakarta and Bali to use a 1% sustainable aviation fuel blend starting from 2026, energy ministry official Edi Wibowo said.

India has raised the base import prices of gold, silver and all vegetable oils, the government said.

($1 = 4.2240 ringgit)

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01. To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 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 the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils                       OILS/ASIA1 Malaysian palm oil exports           SGSPALM1   CBOT soyoil futures                  0#BO:      CBOT soybean futures                 0#S:       Indian solvent                       SOLVENT01  Dalian Commodity Exchange            DC/MENU   Dalian soyoil futures                0#DBY:   Dalian refined palm oil futures      0#DCP:   Zhengzhou rapeseed oil               0#COI:   European edible oil prices/trades    OILS/E