Update with closing price

JAKARTA, July 29 (Reuters) -Malaysian palm oil futures fell on Monday, weighed down by weakness in rival vegetable oils on the Dalian Commodity Exchange and a firm ringgit.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange closed down 0.84% to 3,909 ringgit ($843.00) a metric ton.

"Bursa Malaysia palm oil started lower because of tracking spillover weakness from Dalian Commodity Exchange market and firm ringgit," a Kuala Lumpur-based trader said.

Dalian's most-active soyoil contract DBYcv1 declined 1.08%, while its palm oil contract DCPcv1 rose 0.69%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.81%.

Palm oil tracks price movements of rival edible oils, as they compete for a share of the global vegetable oils market.

Malaysian ringgit MYR=, the contract's currency of trade, strengthened 0.39% against the U.S. dollar, making palm oil less attractive for foreign currency holders.

Indonesia's Trade Ministry is planning to revise the domestic market obligation rules for palm oil to potentially change the prices for the portion and types of product sold to the local market, an official said on Monday. However, market participants are waiting for further details of the revision.

"Indonesia plans to revise palm oil domestic market rules offer little cues as market been talking about it for months. Hence, need further details before can assess the impact of it," a trader said.

Malaysian palm oil exports for July 1-25 are estimated to have risen from last month, with Cargo surveyor Societe Generale de Surveillance estimateing exports at 1,193,049 metric tons from 908,517 tons during June 1-25, according to LSEG.

Cargo surveyors Intertek Testing Services and Amspec Agri said exports rose 31% year-on-year.

($1 = 4.6370 ringgit)

Reporting by Bernadette Christina; Editing by Mrigank Dhaniwala and Varun H K

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