BEIJING, July 25 (Reuters) -Malaysian palm oil futures extended losses to a third session on Thursday, hitting a nine-day low on weaker competing edible oils as traders shrugged off top producer Indonesia's plan to raise its biodiesel content.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange slid 30 ringgit, or 0.76%, to 3,895 ringgit ($834.23) a metric ton during early trade, its lowest since July 16.

FUNDAMENTALS

* Indonesia, the world's biggest palm oil producer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry said.

* Dalian's most-active soyoil contract DBYcv1 fell 1.4%, while its palm oil contract DCPcv1 lost 2%. Soyoil prices on the Chicago Board of Trade BOcv1 were down 0.7%.

* Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

* Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.

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

* Palm oil may fall to 3,881 ringgit per metric ton, driven by a wave C, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares were hammered on Thursday as a slump in global tech stocks sent investors fleeing into less risky assets, including short-dated bonds, the yen and Swiss franc. MKTS/GLOB

DATA/EVENTS (GMT)

0645 France Business Climate Mfg July

0645 France Business Climate Overall July

0800 Germany Ifo Business Climate New July

0800 Germany Ifo Curr Conditions New July

0800 Germany Ifo Expectations New July

1000 France Unemp Class-A SA June

1000 UK CBI Business Optimism Q3

1230 US Durable Goods June

1230 US GDP Advance Q2

1230 US Initial Jobless Clm 20 Jul, w/e

($1 = 4.6690 ringgit)

Reporting by Mei Mei Chu;Editing by Nivedita Bhattacharjee

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