JAKARTA, Nov 14 (Reuters) -Malaysian palm oil futures dropped for a third straight session on Thursday, weighed down by weakness in prices of rival vegetable oils in Dalian and Chicago.

The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchange lost 73 ringgit, or 1.46%, to 4,914 ringgit ($1,097.36) a metric ton, as of 0235 GMT.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 droppped 1.56%, while its palm oil contract DCPcv1 fell 0.8%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.82%.

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

* India's palm oil imports in October rose 60% from September to 845,682 tons on festive demand and higher purchases by refiners to replenish stocks depleted by lower-than-usual imports recently, the Solvent Extractors' Association of India said.

* Indonesia's government reaffirmed to lawmakers a plan to implement a 40% mandatory biodiesel mix with palm oil-based fuel, known as B40, in January 2025, as part of the new administration's "quick wins" programmes.

* Exports of Malaysian palm oil products in the Nov. 1-10 period are seen falling between 14.6% and 15.8%, compared with the same period a month ago, according to surveyors AmSpec Agri Malaysia and Intertek Testing Services (ITS).

* Bursa Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil futures contract as early as December, the director of the Malaysian bourse told an oilseed conference on Wednesday.

* Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices.O/R

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

* Palm oil FCPOc3 may test support at 4,795 ringgit per metric tonne, with a good chance of breaking below it and falling towards 4,655 ringgit, according to Reuters tehcnical analyst Wang Tao. TECH/C

DATA/EVENTS (GMT)

1000 EU GDP Flash Estimate QQ Q3

1000 EU GDP Flash Estimate YY Q3

1330 US Initial Jobless Clm 9 Nov, w/e

1330 US PPI Machine Manuf'ing Oct

($1 = 4.4780 ringgit)

Reporting by Bernadette Christina; Editing by Rashmi Aich

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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