KUALA LUMPUR, Oct 1 (Reuters) - Malaysian palm oil futures rebounded in early trade on Tuesday after two consecutive sessions of declines, as Indonesia hiked its October reference price and the ringgit weakened.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange gained 44 ringgit, or 1.1%, to 4,039 ringgit ($972.08) a metric ton by 0310 GMT.

The contract fell 3.71% over the last two sessions.

FUNDAMENTALS

* Indonesia will raise its crude palm oil reference price for October to $893.64 per ton from $839.53 in September, trade ministry official Farid Amir told Reuters on Monday.

* The ringgit MYR=, palm's currency of trade, weakened 0.83% against the dollar, making the commodity cheaper for buyers holding foreign currencies.

* Soyoil prices on the Chicago Board of Trade BOcv1 fell 0.48%. Dalian's vegetable oil markets were closed for China's Golden Week holiday.

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

* Cargo surveyors, ITS and AmSpec Agri, estimate exports of Malaysian palm oil products rose between 0.8% and 1.1%, respectively, in the month of September.

* Oil prices were steady as the prospect of additional supply entering the market amid lacklustre global demandgrowth offset concerns that the escalating Middle East conflict could disrupt exports in the key producing region. O/R

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

* Palm oil may stabilize around support at 3,981 ringgit and bounce to 4,067 ringgit per metric ton, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian stocks eased near two-and-half-year highs and the U.S. dollar firmed following hawkish comments from Federal Reserve Chair Jerome Powell that scuppered bets of big interest rate cuts, while Mid-East tension kept risk sentiment in check. MKTS/GLOB

DATA/EVENTS

0030 Japan JibunBK Mfg PMI Final SA Sept

0750 France HCOB Manufacturing PMI Sept

0755 Germany HCOB Mfg PMI Sept

0800 EU HCOB Mfg Final PMI Sept

0830 UK S&P Global Manufacturing PMI Sept

0900 EU HICP Flash YY Sept

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

0900 HICP-X F, E, A, T Flash MM Sept

1345 US S&P Global Mfg PMI Final Sept

1400 US ISM Manufacturing PMI Sept

($1 = 4.1550 ringgit)

Reporting by Ashley Tang; 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