Updates with midday break prices, adds trader's comment in paragraph 3

By Dewi Kurniawati

JAKARTA, July 4 (Reuters) -Malaysian palm oil futures edged up on Thursday, tracking gains in the Dalian palm oil contract, while the market awaited for export and production data from the Malaysian Palm Oil Board (MPOB).

The benchmark palm oil contract FCPOc3 for September delivery on the Bursa Malaysia Derivatives Exchange gained 9 ringgit, or 0.22%, to 4,091 ringgit ($868.58) a metric ton by the midday break.

"The futures is influenced by external factors while waiting for the MPOB exports data and productions figures for leads," a Kuala Lumpur-based trader said.

The MPOB data is scheduled to be released on July 10.

Dalian's most-active soyoil contract DBYcv1 dropped 0.20%, while its palm oil contract DCPcv1 gained 0.30%. The Chicago Board of Trade BOcv1 was closed for Independence Day holiday.

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

Cargo surveyor Societe Generale de Surveillance estimates exports of Malaysian palm oil products for June at 1,202,864 metric tons, up from 1,161,370 tons in May.

Meanwhile, cargo surveyors AmSpec Agri and Intertek Testing Services estimated exports fell between 11.8% to 15.4% in June.

India's palm oil imports rose by 3% in June from the previous month to a six-month high on robust demand from refiners for upcoming festivals and as the oil traded at a discount to rival oils.

Oil prices fell in Asia, with investors turning cautious on expectations of lower demand as U.S. employment and business data came in weaker than forecast, signalling the economy of the world's top oil consumer may be cooling. O/R

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

Palm oil FCPOc3 may revisit its Wednesday low of 4,020 ringgit per metric ton, as wave (c) from 3,830 ringgit is ending, according to Reuters' technical analyst Wang Tao.TECH/C

($1 = 4.7100 ringgit)

Reporting by Dewi Kurniawati; Editing by Mrigank Dhaniwala and Rashmi Aich

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