FCPO March contract

30min; 20nov12-8jan2013

* Malaysia Dec palm oil stocks likely eased from record-high -poll

    * Traders await MPOB and USDA data later this week

    * Palm oil to extend losses to 2,371 ringgit -technicals

 (Updates prices)

    By Chew Yee Kiat

    SINGAPORE, Jan 8 (Reuters) - Malaysian palm oil futures fell to their lowest in more than two weeks on Tuesday, dragged lowerby concerns about demand and caution ahead of key industry data due out later in the week.

    Prices dropped for the fourth consecutive day, with traders cautious in the run up to Malaysia's Jan. 1-10 export data due Thursday, a gauge of the impact of a zero percent export tax.

    Malaysian palm oil stocks likely eased to 2.5 million tones in December from a record 2.56 million tonnes, a Reuters survey of five plantation firms showed on Tuesday, but the slight fall did not manage to lift prices as stocks remained high.... Read the full article here