* Malaysian ringgit falls to a fresh 17-year low

* Palm futures post seventh weekly loss

on Friday, tracking overnight trading of comparative oils higher, as a falling

ringgit offered some support to the commodity.

The benchmark palm oil contract for October on the Bursa Malaysia

Derivatives Exchange closed 0.6 percent higher at 2,025 ringgit ($496.93) a

tonne.

"There was some initial buying on the ringgit weakness," said a trader with

a commodities brokerage in Kuala Lumpur.

The Malaysian ringgit fell to a fresh 17-year low on Friday, making

palm more attractive to overseas buyers as the benchmark is priced in ringgit.

Traded volume stood at 63,400 lots of 25 tonnes each, well above the roughly

35,000 lots usually traded by the close of the morning session.

However, weakness in global commodities, expectation of higher domestic

production and slow demand are capping increases in palm prices, traders said.

The benchmark climbed to as much as 2,042 ringgit a tonne earlier in the day.

"It's going to be tough for prices to remain at lofty levels with higher

production and lower demand. The road ahead is slippery," the trader in Kuala

Lumpur said.

Palm futures lost 0.8 percent for the week, extending losses to a seventh

consecutive week, after suffering big losses earlier in the week following the

devaluation of the Chinese yuan.

In Indonesia, the other key exporter, palm and lauric oil export fell 8

percent in July from a month earlier, an industry body said on Thursday.

Among other vegetable oils, the U.S. September soyoil contract was

down 0.2 percent in late Asian trade, while the most active soybean oil contract

on the Dalian Commodity Exchange dipped 1.8 percent.

Crude oil futures remained under pressure, plunging to 6-1/2-year lows after

data revealed a big rise in U.S. stockpiles, fuelling fears of a growing global

glut.

Palm, soy and crude oil prices at 1014 GMT

Contract Month Last Change Low High Volume

MY PALM OIL AUG5 0 +0.00 0 0 0

MY PALM OIL SEP5 2003 +1.00 1994 2023 1862

MY PALM OIL OCT5 2025 +11.00 2009 2042 23902

CHINA PALM OLEIN JAN6 4586 -56.00 4582 4664 866288

CHINA SOYOIL JAN6 5528 -100.00 5526 5622 684888

CBOT SOY OIL DEC5 29.16 +1.80 29.15 29.41 6608

INDIA PALM OIL AUG5 392.80 +1.80 392.20 395.10 516

INDIA SOYOIL AUG5 583.00 +4.15 581.60 585.00 9680

NYMEX CRUDE SEP5 41.93 -0.30 41.35 42.26 28183

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel

($1 = 4.0750 ringgit)

($1 = 65.0700 Indian rupees)

($1 = 6.3908 Chinese yuan)