Updates closing prices

KUALA LUMPUR, Nov 22 (Reuters) -Malaysian palm oil futures closed lower on Friday to log their sharpest weekly fall in more than a year and a half, weighed down by looming demand worries and weak soybean oil prices.

The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange slid 132 ringgit, or 2.77%, to 4,640 ringgit ($1,039.19) a metric ton at the close.

The contract fell 8.81% this week, marking its second consecutive weekly decline and the largest weekly fall since April 2023.

Crude palm oil futures opened lower due to weakening soybean oil prices and concerns about weaker demand in the coming weeks, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.

Dalian's most-active soyoil contract DBYcv1 fell 1.52%,while its palm oil contract DCPcv1 shed 1.3%. Soyoil prices on the Chicago Board of Trade BOcv1 slid 0.71%.

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

Oil prices inched higher on Friday, on track for a weekly rise of more than 4%, as the Ukraine war intensified, with Russian President Vladimir Putin warning of a global conflict.O/R

Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.

The ringgit MYR=, palm's currency of trade, weakened 0.11% against the U.S. dollar, making the commodity cheaper for buyers holding foreign currencies.

Indonesia's palm oil stocks climbed in September as exports and domestic consumption declined, while output slightly improved, data from the main palm oil industry association GAPKI showed.

($1 = 4.4650 ringgit)

Reporting by Ashley Tang; Editing by Sumana Nandy and Anil D'Silva

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