* Expectations of lower output also provide support-trader

* Ringgit falls to its weakest since March 16

(Updates latest prices)

25/05/2016 (Reuters) - Malaysian palm oil futures recovered from the previous session's near three-month low on Tuesday, supported by a weaker ringgit while gains in rival oils also boosted sentiment.

The contract for August delivery on the Bursa Malaysia Derivatives Exchange had risen 0.4 percent to 2,503 ringgit ($608) per tonne at the end of the trading day. It hit its lowest level since March 3 on Monday, dragged down by losses in Chinese vegetable oils.

Traded volume stood at 30,536 lots of 25 tonnes each on Tuesday evening, lower than the 2015 daily average of 44,600.

"The U.S. dollar has strengthened, and markets have recovered a bit on the Dalian," said a trader from Kuala Lumpur, referring to the Dalian Commodity Exchange.

"Nearby tightness on supply also created some buying."

The ringgit lost as much as 1.1 percent to 4.1290 per dollar, its weakest since March 16, as most Malaysian government bond prices slipped. The currency was down 0.9 percent at 4.1200 per dollar in the evening, making palm oil cheaper for holders of foreign currencies.

Better performing rival oils on the Dalian Commodity Exchange also boosted prices of Malaysian palm. The most actively traded September contract for palm olein gained 0.4 percent, while the September soybean oil contract rose 0.3 percent.

Expectations of lower output in May and early June, due to the impact from a crop-damaging El Nino weather event, also lent support to palm, said the Kuala Lumpur-based trader.

The Australian Bureau of Meteorology said that the strongest El Nino in nearly 20 years that persisted through 2016 is now over.

In other vegetable oils, the Chicago Board of Trade soyoil contract for August was down 0.2 percent.

The offer price for crude palm kernel oil stood at 4910.78 ringgit per tonne (PKO-MYSTH-M1) in the evening, according to price assessments by Thomson Reuters.

Palm, soy and crude oil prices at 1034 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL JUN6 2540 +21.00 2539 2554 116

MY PALM OIL JUL6 2523 +10.00 2522 2540 5103

MY PALM OIL AUG6 2503 +10.00 2499 2519 14999

CHINA PALM OLEIN SEP6 5058 +22.00 4980 5084 830054

CHINA SOYOIL SEP6 5806 +14.00 5712 5842 675760

CBOT SOY OIL JUL6 31.11 -0.13 31 31.26 4469

INDIA PALM OIL MAY6 530.00 -0.15 529.70 534.9 575

INDIA SOYOIL JUN6 639 +0.05 638.3 643.4 39680

NYMEX CRUDE JUL6 47.91 -0.17 47.64 48.12 53562

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 = 4.1200 ringgit)
($1 = 67.6500 Indian rupees)
($1 = 6.5538 Chinese yuan)