* Palm oil reverses gains to fall slightly in late trade

* Palm has lost 9.2 pct so far in June

* Market falls on weaker exports, volatile ringgit -trader

(Updates latest prices, quote)

27/06/2016 (Reuters) - Malaysian palm oil futures took a slight dip in evening trade on Monday after seeing gains in the morning, as traders sold on poorer performing exports and a volatile ringgit.

The ringgit, which tumbled in recent sessions on concerns over Britain's vote to exit the European Union, fell 0.2 percent to reach 4.1000 against the dollar in the evening. A falling ringgit, palm's currency of trade which dropped 1.9 percent on Friday, usually makes the vegetable oil cheaper for holders of foreign currencies.

A trader from Kuala Lumpur however said the ringgit's instability, coupled with slowing exports, has caused buyers to put purchases on hold.

"The months ahead are going to be difficult for exports. Volatility in the ringgit is soaring, keeping consumers at the sidelines," he said." Benchmark palm oil futures for September delivery

on the Bursa Malaysia Derivatives Exchange fell 0.04 percent to 2,378 ringgit ($580) per tonne at the close of trade. Traded volumes stood at 44,954 lots of 25 tonnes each on Monday evening.

Palm has declined 9.2 percent so far this month, it's sharpest monthly fall since August 2014. Palm had earlier declined for three consecutive weeks as traders forecast rising output and slowing exports.

Production rose nearly 5 percent month-on-month in May, and is set to gain in line with the seasonal growing trend from now until the last quarter of the year. (MYPOMP-CPOTT)

Malaysian palm oil shipments however have declined in June as demand slows with the end of the Ramadan holiday coming soon.

Exports from June 1-25 fell 9-10 percent from the corresponding time period last month, according to cargo surveyor data on Monday.

The holy month of Ramadan sees Muslims around the world break day-long fasts with communal feasting, incurring higher palm oil demand for cooking purposes the month before the celebration starts.

Palm oil exports usually taper off after the end of Ramadan until renewed demand starts for the Hindu festival of Diwali in October. (MYPOME-PO)

In competing vegetable oils, the Chicago Board of Trade soyoil contract for December rose 0.6 percent, while the September soybean oil contract on the Dalian Commodity Exchange gained 0.9 percent.

Palm, soy and crude oil prices at 1020 GMT

Contract Month Last Change Low High Volume

MY PALM OIL JUL6 2468 -2.00 2455 2479 571

MY PALM OIL AUG6 2412 -1.00 2390 2441 5785

MY PALM OIL SEP6 2378 -1.00 2355 2408 21581

CHINA PALM OLEIN SEP6 5130 +48.00 5000 5138 528364

CHINA SOYOIL SEP6 6034 +52.00 5888 6044 413602

CBOT SOY OIL DEC6 31.85 +0.19 31.64 32.1 6290

INDIA PALM OIL JUN6 508.00 +0.90 506.70 510.8 306

INDIA SOYOIL JUL6 644.8 +1.30 643.3 646.9 21610

NYMEX CRUDE AUG6 47.61 -0.03 46.92 47.96 76848

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 = 4.1000 ringgit)
($1 = 67.9625 Indian rupees)
($1 = 6.6457 Chinese yuan)