* Palm rises the most since Sept. 2

* Market up on lower output, weaker ringgit - trader

* Stronger soyoil also supported market earlier - trader

(Updates latest prices)

12/10/2016 (Reuters) - Malaysian palm oil futures made their biggest gains in over five weeks on Tuesday evening, lifted by lower output expectations and tracking a weaker ringgit.

A weaker ringgit, palm's traded currency, usually makes the tropical oil cheaper for foreign currency holders. It fell 0.5 percent to 4.1700 per dollar in the evening, after hitting its lowest levels since March 1 at 4.1760.

Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange rose 2.7 percent to 2,611 ringgit ($628) a tonne at the close of trade, its strongest daily gain since a 3 percent jump on Sept. 2.

Palm fell during the previous two sessions on bearish data from industry regulator the Malaysian Palm Oil Board.

End-stocks for September rose 5.7 percent to 1.55 million tonnes, surpassing market expectations while exports declined 20.4 percent to 1.77 million tonnes, government data on Monday showed.

Traded volumes stood at 51,583 lots of 25 tonnes each on Tuesday evening, higher than the 2015 daily average of 44,600 lots.

A futures trader from Kuala Lumpur said the gain was partly due to a weaker ringgit, and also due to market expectations of negative production growth in October.

Palm oil output growth is expected to decline this year due to the lingering effects of a crop damaging El Nino weather event. It brings dry weather across Southeast Asia, impacting yields and lowering output.

Production in Malaysia, the world's second largest palm producer, rose 0.8 percent in September from a month ago, data from an industry regulator showed on Monday.

The market was also up earlier in the day on stronger soyoil. Palm oil prices are influenced by soyoil, as they both compete for a share of the global vegetable oils market.

"We believe the market pulled back (from losses) tracking a rebound in the Chicago Board of Trade's soyoil and a weak ringgit," said a futures trader from Kuala Lumpur, adding that technical buying also supported the market.

In other related vegetable oils, the soybean oil December contract on the Chicago Board of Trade was up 0.4 percent, while the January soybean oil contract on the Dalian Commodity Exchange gained 2 percent.

Palm, soy and crude oil prices at 1039 GMT

Contract Month Last Change Low High Volume

MY PALM OIL OCT6 0 +65.00 0 0 0

MY PALM OIL NOV6 2630 +74.00 2559 2630 2958

MY PALM OIL DEC6 2615 +69.00 2560 2615 27623

CHINA PALM OLEIN JAN7 5532 +72.00 5444 5544 819254

CHINA SOYOIL JAN7 6438 +126.00 6316 6452 611290

CBOT SOY OIL DEC6 33.94 +0.16 33.81 34.02 8216

INDIA PALM OIL OCT6 0.00 +0.00 0.00 0 0

INDIA SOYOIL OCT6 0 +0.00 0 0 0

NYMEX CRUDE NOV6 51.03 -0.32 50.80 51.48 102314

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 = 4.1550 ringgit)
($1 = 66.5919 Indian rupees)
($1 = 6.6685 Chinese yuan)