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

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange lost 54 ringgit or 1.37% to 3,888 ringgit ($838.65) by 0241 GMT.

The contract lost 0.48% last week, a second consecutive weekly drop.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 dropped 2.08%, while its palm oil contract DCPcv1 was down 1.1%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.3%.

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

* Cargo surveyor Societe Generale de Surveillance estimates exports of Malaysian palm oil products at 1,193,049 metric tons for July 1-25, from 908,517 tons during June 1-25, according to LSEG.

* Meanwhile, cargo surveyors Intertek Testing Services and Amspec Agri said exports of Malaysian palm oil products for July 1-25 rose 31% year-on-year.

* Palm oil may retrace to 3,913 ringgit, as it failed to break resistance at 3,953 ringgit per metric ton, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares bounced on Monday into a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward "normality". MKTS/GLOB

($1 = 4.6360 ringgit)

Reporting by Bernadette Christina; Editing by 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