VEGOILS-High stocks, weak exports weigh on palm oil

 Wed Dec 19, 2012 5:37am GMT

* High inventory levels still a "major factor" for investors-trader
    * Palm oil's target at 2,285 ringgit intact -technicals
    * Prices can only recover in 2013 if exports pick -analyst

(Updates prices, adds detail) By Anuradha Raghu
    

KUALA LUMPUR, Dec 19 (Reuters) - Malaysian palm oil futures inched lower for a second day on Wednesday as sluggish exports
in the first half of the month fan concerns that stockpiles in the world's no.2 producer could hit another record high. 
    

Weaker demand from top food consumers China and India early this month have traders worried that seasonally slowing output
might not be enough to cut inventory levels, weighing on prices that lost 27 percent so far this year (Reuters).... 

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