* Palm falls for third straight session, down 2.5 pct so far this week

* Ringgit remains strong, traders await government data

* Malaysian Palm Oil Board data scheduled for June 10

(Updates latest prices)

08/06/2016 (Reuters) - Malaysian palm oil futures declined further on Wednesday, hitting a near two-week low, as the ringgit remained at its strongest level for nearly three weeks.

The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,589 ringgit ($637) per tonne at the end of the trading day.

The market fell for a third consecutive session, bringing its loss to 2.5 percent so far this week. It earlier reached an intraday low of 2,575 ringgit, its lowest since May 27. Traded volumes stood at 55,418 lots of 25 tonnes each on Wednesday evening, versus the 2015 average of 44,600.

"Palm is coming down on the back of a strengthening ringgit, so the market is on a profit-taking note," said a trader from Kuala Lumpur.

"It is a continuation of yesterday's sell off, today and tomorrow will see consolidation activity as it awaits Malaysian Palm Oil Board (MPOB) figures."

Government body MPOB is scheduled to release May palm oil data on June 10 around noon. A Reuters poll ahead of the data pegged May end-stocks to fall 8.8 percent to 1.64 million tonnes from April, as the surge in exports outpaced a small rise in output growth.

Output is forecast to rise month-on-month by 3.9 percent to 1.35 million tonnes, compared with a 13.1 percent surge in exports due to Ramadan demand.

The holy Muslim festival, which begins in June sees a month of fasting and communal feasting, incurring higher palm oil demand for cooking purposes as buyers stock up on supplies in May.

The ringgit weakened slightly against the dollar on Wednesday noon by 0.1 percent, but earlier reached an intraday high of 4.0540 per dollar, its strongest since May 18. It has gained about 2 percent so far this week.

A stronger ringgit, the currency palm oil is traded in, makes the vegetable oil more expensive for foreign currency holders.

In related vegetable oils, the Chicago Board of Trade soyoil contract for July traded flat, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.1 percent.

Palm, soy and crude oil prices at 1021 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL JUN6 2634 -6.00 2615 2635 60

MY PALM OIL JUL6 2605 -10.00 2593 2622 2694

MY PALM OIL AUG6 2588 -11.00 2575 2607 26251

CHINA PALM OLEIN SEP6 5394 -32.00 5346 5444 796322

CHINA SOYOIL SEP6 6168 -6.00 6138 6224 531432

CBOT SOY OIL JUL6 32.39 +0.10 32.19 32.45 5343

INDIA PALM OIL JUN6 529.40 +1.30 523.10 531 1604

INDIA SOYOIL JUN6 643.4 +3.20 639.5 643.4 12550

NYMEX CRUDE JUL6 50.89 +0.53 50.32 50.93 61279

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 = 4.0600 ringgit)
($1 = 66.6230 Indian rupees)
($1 = 6.5703 Chinese yuan)