JAKARTA, Sept 2 (Reuters) - Malaysian palm oil futures rose 1.4 percent on Friday, boosted by gains in other vegetable oils while the market was closed for a holiday, but worries about the health of the global economy put a cap on prices. At the close, the benchmark November crude palm oil contract KPOc3 was at 3,050 Malaysian ringgit ($1,022) a tonne. It had earlier touched 3,069 ringgit, its highest since Aug. 23. Traded volumes for the contract were still thin at 6,215 lots of 25 tonnes each, although recovered from 2,862 lots on Monday, before many markets closed for the Muslim feast of Eid-ul-Fitr and other holidays. Indonesian markets are closed for the week. "Chicago Board of Trade markets rose over the week," said a Indonesia-based palm trader. "Palm is playing catch up." Oil futures fell on Friday as the market nervously awaited U.S. jobs data for new evidence on whether the world's largest crude consumer can avoid recession. Similar concerns weighed on vegetable oils, traders said. "Overall sentiment is still rather cautious -- it's just that we are doing some catching up after the long holiday," a dealer in Kuala Lumpur said. "Volumes are low as many people are still on leave." U.S. soybean oil for September delivery BOc1 rose 1 percent, while the most active May 2012 soy oil on China's Dalian Commodity Exchange also strengthened. "We are getting some support from the soybean complex," said Abah Ofon, a Singapore-based analyst at Standard Chartered Bank. "I'm one of the lone palm oil bulls out there in the market." "It is to do with longer-term factors -- the demand for palm oil is unlikely to fall off a cliff," he added. "In some of the big consumers like India and China, there are still a lot of people who haven't yet reached their optimum point in edible oil consumption." Palm oil has lost about 20 percent so far this year due in part to high stocks, and persistent concerns about commodities demand due to uncertainties over economic growth. Exports of Malaysian palm oil products for August fell 0.5 percent to 1,620,408 tonnes, cargo surveyor Societe Generale de Surveillance (SGS) said late on Monday. Exports of Malaysian palm oil products for August fell 0.6 percent to 1,622,731 tonnes, fellow cargo surveyor Intertek Testing Services said on Friday. Palm, soy and crude oil prices at 1036 GMT Contract Month Last Change Low High Volume M'ASIA PALM OIL SEP1 3185 +65.00 3174 3186 346 M'ASIA PALM OIL OCT1 3109 +62.00 3083 3109 1112 M'ASIA PALM OIL NOV1 3050 +41.00 3034 3069 6215 M'ASIA PALM OIL DEC1 3043 +45.00 3025 3057 3983 DALIAN SOY OIL MAY2 10486 +38.00 10396 10488 681444 CBOT SOY OIL DEC1 58.75 +0.52 58.30 58.84 1546 NYMEX CRUDE OCT1 88.17 -0.77 87.83 88.99 17475 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil in Chinese yuan per tonne Crude in U.S. dollars per barrel ($1 = 2.983 ringgits) (Editing by Michael Urquhart)

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