Updates midday prices and adds analyst quote

SINGAPORE, Aug 16 (Reuters) -Malaysian palm oil futures rose on Friday, buoyed by concerns about slow production growth in top producer Indonesia, but weak Malaysian exports capped the gains.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange was up 15 ringgit, or 0.41%, at 3,711 ringgit ($836.75)a metric ton by the midday break.

For the week, ithas gained 0.19% so far, after a three-week loss.

Palm prices are now a tad more expensive versus soybean oil, thus there are worries about demand, said Lingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari.

"Overall, prices will move in a range and remain resilient given that Indonesia's August production is not really growing as much as anticipated by many," he said.

Exports of Malaysian palm oil products for Aug. 1-15 declined 22.3% from the previous month, data from independent inspection company AmSpec Agri Malaysia showed on Thursday.

Cargo surveyor Intertek Testing Services said exports fell 20.2% during the same period.

The pace of exports during the period was slower than a decline of 12.2%-17.7% for Aug. 1-10, according to data from the two firms.

Dalian's most-active soyoil contract DBYcv1 added 0.16%,while its palm oil contract DCPcv1 climbed 0.8%.Soyoil prices on the Chicago Board of Trade BOcv1 dropped 0.75%, declining for the fifth consecutive day.

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

The Malaysian ringgit MYR=, palm's currency of trade, fell 0.38% against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.

($1 = 4.4350 ringgit)

Reporting by Gabrielle Ng; Editing by Sonia Cheema and Janane Venkatraman

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