20121210 1713 Palm Oil Related News.

SGS CPO export up 0.4% to 516,841 tonnes for the period of 1~10 Dec 2012.

MPOB Official Data for the month of Nov 2012 vs Oct 2012
Exports down 5.6% to 1.66 million tonnes
Stocks up 2.3% to 2.56 million tonnes
Output down 2.6% to 1.89 million tonnes

Mon Dec 10, 2012 1:05am EST
* Mixed market, investors eye end-stocks and external
factors -trader
    * Dec. 1-10 exports fall 2.8 percent -ITS
    * Stocks up at a slower pace of 2.3 pct, hits record at 2.56
mln tonnes -MPOB

 (adds details, comments)
    By Anuradha Raghu
    KUALA LUMPUR, Dec 10 (Reuters) - Malaysian palm oil futures
inched up on Monday as some investors took up positions ahead of
key industry data issued during the midday break that showed
stocks had risen to a record at a slower pace than expected.
    The market is set to remain choppy in the afternoon session
as traders price in a dip in exports for the first ten days of
December on weaker Chinese demand, a slowdown in Malaysian
stocks growth and uncertain global economic conditions.
    Despite the volatility, palm oil futures are set to post
their worst annual performance since the financial crisis in
2008.
    "The market rallied before the midday close on the
expectation that the rise in stocks will be small and it was
proven right," said a dealer with a foreign commodities
brokerage.
    "The economic issues in the U.S. will be a shadow on the
market and December 1-10 palm oil exports for Malaysia did not
look so great," he added.
    By midday, benchmark February contract on the Bursa
Malaysia Derivatives Exchange rose 0.4 percent to 2,306 ringgit
($754) per tonne. Total traded volumes rose to 16,651 lots of 25
tonnes each, higher compared to the usual 12,500 lots.
    Data from the Malaysian Palm Oil Board showed that
November's inventory level rose 2.3 percent to a record 2.56
million tonnes from the previous month. Stocks grew at a weaker
than expected pace, potentially supporting
prices.
    But export data for the first ten days of December could
weigh on the market. Malaysian exports fell 2.8 percent during
that period to 504,032 tonnes from 518,688 tonnes shipped during
Nov 1-10, cargo surveyor Intertek Testing Services.
    Yet investors are banking on higher shipments in the next
few weeks as planters rush to finish their annual tax free
export quota allocation of 3.5 million tonnes which expires end
of December.
    Brent crude futures held above $107 a barrel on Monday,
snapping five straight days of losses, as promising data out of
the world's top two oil consumers revived demand growth hopes in
a well-supplied market.
    In palm oil's competing markets, U.S. soyoil for January
delivery fell 0.3 percent. The most active May 2013
soybean oil contract on the Dalian Commodity Exchange
also rose 0.1 percent.