* Palm hit near 3-week high of 2,658 ringgit/tonne

* Supported by firmer palm olein, tighter supplies - traders

* Palm seen revisiting 2,668 ringgit/tonne - technicals

(Updates latest prices)

06/09/2016 (Reuters) - Malaysian palm oil futures hit their highest in nearly three weeks on Monday, rising for a second session, as tight supplies and a firmer overseas palm olein market underpinned prices.

Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose by 1.9 percent to 2,644 ringgit ($650) per tonne at the end of the trading day, off the day's high of 2,658 ringgit - the strongest since Aug. 17.

Traded volumes stood at 58,841 lots of 25 tonnes each on Monday evening, higher than the 2015 average of 44,600.

On Friday, palm oil futures had risen almost 3 percent, the biggest daily gain since mid-August, lifted by a weaker ringgit and firmer rival oils.

"The market is up on stronger palm olein ... Nearby tightness is still evident," said a trader from Kuala Lumpur.

The January contract for palm olein on China's Dalian Commodity Exchange surged 3.2 percent on Monday evening.

Palm oil output in Malaysia, the world's second-largest producer after Indonesia, has been hit this year due to the impact of dryness linked to an El Nino weather pattern.

Output in July rose 3.5 percent from June to 1.59 million tonnes, the strongest in eight months but the weakest July levels in six years. (MYPOMP-CPOTT)

Palm oil is expected to revisit its Aug. 17 high of 2,668 ringgit, said Wang Tao, a Reuters market analyst for commodities and energy technicals.

In other related vegetable oils, the January soybean oil contract on the Dalian Commodity Exchange rose 1 percent.

Palm, soy and crude oil prices at 1032 GMT

Contract Month Last Change Low High Volume

MY PALM OIL SEP6 2877 +48.00 2877 2920 220

MY PALM OIL OCT6 2729 +62.00 2674 2754 2146

MY PALM OIL NOV6 2644 +49.00 2596 2658 25089

CHINA PALM OLEIN JAN7 5566 +170.00 5462 5584 1163300

CHINA SOYOIL JAN7 6264 +66.00 6216 6296 546498

CBOT SOY OIL DEC6 33.04 +0.00 0 0 0

INDIA PALM OIL SEP6 0.00 +0.00 0.00 0 0

INDIA SOYOIL SEP6 0 +0.00 0 0 0

NYMEX CRUDE OCT6 45.54 +1.10 44.06 46.53 230998

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 = 4.0680 ringgit)
($1 = 66.4650 Indian rupees)
($1 = 6.6763 Chinese yuan)