KUALA LUMPUR, Oct 11 (Reuters) -Malaysian palm oil futures opened higher on Friday, tracking the strength of rival edible oils, but a stronger ringgit and weaker crude oil prices capped its gains.

The benchmark palm oil contract FCPOc3 for December delivery on the Bursa Malaysia Derivatives Exchange rose 74 ringgit, or 1.75%, to 4,307 ringgit ($1,005.60) a metric ton during early trade.

The contract has gained 0.07% for the week so far.

FUNDAMENTALS

* Dalian's most-active soyoil contract DBYcv1 rose 0.95%, while its palm oil contract DCPcv1 climbed 1.31%. Soyoil prices on the Chicago Board of Trade BOcv1 were up 0.32%.

* Palm oil tracks the price movements of rival edible oils, as they compete for a share of the global vegetable oils market.

* The ringgit MYR=, palm's currency of trade, strengthened 0.14% against the dollar, making the commodity more expensive for buyers holding foreign currencies.

* Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. O/R

* Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

* Cargo surveyors estimate exports of Malaysian palm oil products rose between 13.6% and 18.9% during Oct. 1-10, compared with the same period a month ago.

* Palm oil looks neutral in a range of 4,206 ringgit to 4,293 ringgit per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said. TECH/C

MARKET NEWS

* Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. MKTS/GLOB

DATA/EVENTS

0300 China Overall Comprehensive Risk Q4

0300 Japan Overall Comprehensive Risk Q4

0600 Germany HICP Final YY Sept

0600 UK GDP Est 3M/3M Aug

0600 UK GDP Estimate MM Aug

0600 UK GDP Estimate YY Aug

0600 UK Services MM Aug

0600 UK Services YY Aug

0600 UK Manufacturing Output MM Aug

1230 US PPI Machine Manuf'ing Sept

1400 US U Mich Sentiment Prelim Oct

($1 = 4.2830 ringgit)

Reporting by Ashley Tang; Editing by Eileen Soreng

For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type OILS/MY01. * To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets. * Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11. Vegetable oils OILS/ASIA1 Malaysian palm oil exports SGSPALM1 CBOT soyoil futures 0#BO: CBOT soybean futures 0#S: Indian solvent SOLVENT01 Dalian Commodity Exchange DC/MENU Dalian soyoil futures 0#DBY: Dalian refined palm oil futures 0#DCP: Zhengzhou rapeseed oil 0#COI: European edible oil prices/trades OILS/E