* Palm charts strongest daily gains since Sept. 5
* Market gains on tighter supplies, weaker ringgit- traders

 (Updates latest prices, quote)

20/09/2016 (Reuters) - Malaysian palm oil futures achieved their biggest daily gains in more than two weeks on Monday, supported by strength in rival oils and expectations that stockpiles will remain tight.

A weaker ringgit, the currency palm oil is traded in, also supported benchmark prices. It hit its weakest levels
against the dollar in nearly four months on Thursday, before paring some losses to strengthen 0.1 percent to 4.1330 on late on Monday.

Palm is supported by a weaker ringgit as this makes the oil cheaper for foreign currency holders.

Benchmark palm oil futures for December on the Bursa Malaysia Derivatives Exchange gained 1.9 percent to 2,642 ringgit ($639) a tonne at the end of the trading day, its strongest daily rise since Sept. 5.  

On Friday, palm had marked its sharpest weekly decline in 10 weeks, falling 1.7 percent on the week.

Traded volumes stood at 59,992 lots of 25 tonnes each, above the 2015 average of 44,600.

"The bean oil complex is moving up, Dalian is also moving higher," said a Kuala Lumpur-based futures trader, referring to rival soyoil futures on the Chicago Board of Trade and China's Dalian Commodity Exchange.

"The market is looking at (September) end-stocks not moving higher. There is still tightness in nearby supplies. Exports are doing okay though the market is expecting it to be lower than in August."

Palm oil's price performance is frequently impacted by its rival oilseed soy, as they both compete for a share of the global edible oils market.

Soybeans climbed to a one-week high on Monday, lifted by rains in the U.S. that delayed harvests.

In related vegetable oils, the Chicago Board of Trade's soybean oil December contract rose 1.6 percent, while the January soybean oil contract on the Dalian Commodity Exchange  also gained 1 percent.
   
Palm, soy and crude oil prices at 1106 GMT

 Contract          Month    Last   Change     Low   High  Volume
 MY PALM OIL       OCT6     2830  +113.00    2738   2838     951
 MY PALM OIL       NOV6     2692   +97.00    2598   2702   17057
 MY PALM OIL       DEC6     2643   +77.00    2567   2654   26091
 CHINA PALM OLEIN  JAN7     5494   +84.00    5410   5496  549796
 CHINA SOYOIL      JAN7     6206   +60.00    6150   6218  267624
 CBOT SOY OIL      DEC6    32.74    +0.53   32.23  32.92   12375
 INDIA PALM OIL    SEP6   576.60    +9.70  569.00  577.9    2353
 INDIA SOYOIL      SEP6    649.5    +2.30   649.2  651.3    3620
 NYMEX CRUDE       OCT6    43.60    +0.57   43.12  43.91   16683

 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 = 4.1330 ringgit)
($1 = 66.9700 Indian rupees)
($1 = 6.6706 Chinese yuan)