KUALA LUMPUR, Dec 20 (Reuters) -Malaysian palm oil futures fell for a sixth consecutive session on Friday on weaker rival edible oils and were poised to book a second weekly loss.

The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange slid 35 ringgit, or 0.78%, to 4,473 ringgit ($992.90) a metric ton in early trade.

The contract has fallen about 8.8% so far this week.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 fell 0.32%, while its palm oil contract DCPcv1 shed 1.56%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.47%.

* 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, weakened 0.04% against the dollar, making the commodity cheaper for buyers holding foreign currencies.

* Indonesia will increase its export levy for crude palm oil to 10% from the current 7.5% to finance higher biodiesel subsidies, its chief economic minister said.

* Oil prices fell in early trading on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. O/R

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

* Palm oil may retest support at 4,370 ringgit per metric ton, and a break could open the way towards 4,273 ringgit, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares were pinned near three-month lows as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. MKTS/GLOB

DATA/EVENTS

0700 UK Retail Sales MM, Retail Sales Ex-Fuel MM, Retail Sales YY Nov

0745 France Producer Prices YY Nov

1330 US Consumption, Adjusted MM Nov

1330 US Core PCE Price Index MM, Core PCE Price Index YY Nov

1330 US PCE Price Index MM, PCE Price Index YY Nov

1500 EU Consumer Confid. Flash Dec

1500 US U Mich Sentiment Final Dec

($1 = 4.5050 ringgit)

Reporting by Ashley Tang; Editing by Subhranshu Sahu

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