SINGAPORE, Aug 30 (Reuters) -Malaysian palm oil futures rose on Friday and were headed for a second weekly gain, lifted by an easing ringgit, while traders awaited announcements about export and import taxes from Indonesia and India.

The benchmark palm oil contract FCPOc3 for November delivery on the Bursa Malaysia Derivatives Exchange rose 45 ringgit, or 1.14%, to 3,985 ringgit ($924.17) a metric ton as of 0310 GMT.

The contract has gained 3.05% so far this week, and 2.0% for the month.

FUNDAMENTALS

* The meteorological department of Malaysia, the world's second-largest palm oil producer, forecast thunderstorms from Aug. 30-Sep. 5.

* Top producer Indonesia is due to set its palm oil reference price and export tax and levy for September by the end of the month.

* Traders are also trading cautiously as key importer India is mulling an increase to import tax on vegetable oils, which could hit demand for palm oil.

* Dalian's most-active soyoil contract DBYcv1 climbed 1.7%, while its palm oil contract DCPcv1 was up 1.2%. Soyoil prices on the Chicago Board of Trade BOcv1 rose 0.88%.

* Palm oil tracks 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, weakened 0.15% against the dollar. A weaker ringgit makes palm oil more attractive for foreign currency holders.

* Oil prices were steady in early trading on Friday after settling more than $1 higher on Thursday, as investors weighed supply concerns in the Middle East against signs of weakened demand. O/R

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

MARKET NEWS

* Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but certain to cut interest rates next month. MKTS/GLOB

DATA/EVENTS (GMT)

0600 UK Nationwide House Price MM August

0600 UK Nationwide House Price YY August

0645 France GDP QQ Final Q2

0645 France CPI (EU Norm) Prelim YY August

0645 France CPI (EU Norm) Prelim MM August

0645 France CPI Prelim YY NSA August

0645 France CPI Prelim MM NSA August

0645 France Producer Prices YY July

0755 Germany Unemployment Chg SA August

0755 Germany Unemployment Rate SA August

0900 EU HICP Flash YY August

0900 EU HICP-X F,E,A&T Flash YY August

0900 EU HICP-X F, E, A, T Flash MM August

0900 EU Unemployment Rate July

1230 US Consumption, Adjusted MM July

1230 US Core PCE Price Index MM July

1230 US Core PCE Price Index YY July

1230 US PCE Price Index MM July

1230 US PCE Price Index YY July

1300 US U Mich Sentiment Final August

($1 = 4.3120 ringgit)

Reporting by Gabrielle Ng; Editing by Varun H K

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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