(Updates with closing prices)

By Dewi Kurniawati

JAKARTA, May 13 (Reuters) - Malaysian palm oil futures

closed higher on Monday as the market tracked strength in rival

oils at Dalian and Chicago Board of Trade, while the market

awaited export data for further cues.

The benchmark palm oil contract for July delivery

on the Bursa Malaysia Derivatives Exchange increased 58 ringgit,

or 1.52%, to 3,867 ringgit ($818.07) a metric ton on the

closing.

"Palm oil is tracking Dalian and CBOT, while looking

forward to the 15-day export data to provide further lead," a

Kuala Lumpur-based trader told Reuters.

Dalian's most-active soyoil contract rose 1.66%,

while its palm oil contract gained 1.75%. Soyoil prices

on the Chicago Board of Trade increased 0.95%.

Palm oil is affected by price movements in related oils as

they compete for a share in the global vegetable oils market.

Investors are expecting the U.S. Department of Agriculture's

monthly crop production and World Agricultural Supply and Demand

Estimates reports to show ample supplies in the United States

and globally.

Malaysia's industrial production in March rose 2.4% from a

year earlier, below expectations, government data showed on

Friday.

Exports of Malaysian palm oil products for May 1 to 10 fell

14.2%, to 369,920 metric tons, from 431,190 metric tons shipped

during April 1 to 10, cargo surveyor Intertek Testing Services

said on Friday.

Independent inspection company AmSpec Agri Malaysia said on

Friday that exports fell 14.8%, while Cargo surveyor Societe

Generale de Surveillance estimated exports at 263,369 metric

tons, according to LSEG.

Oil prices extended declines on Monday amid signs of weak

fuel demand and as comments from U.S. Federal Reserve officials

dampened hopes of interest-rate cuts, which could slow growth

and crimp fuel demand in the world's biggest economy.

Stronger crude oil futures make palm a more attractive

option for biodiesel feedstock.

($1 = 4.7270 ringgit)