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Malaysia end-Dec palm oil stocks fall 11% to 2 million tonnes

KUALA LUMPUR, Jan 10 (Reuters) - Malaysia's palm oil stockpiles fell to a 27-month low of 2.01 million tonnes by the end of December, down 11% from the previous month, industry regulator the Malaysian Palm Oil Board (MPOB) said on Friday. A Reuters survey had forecast stockpiles to fall 8.5% to 2.06 million tonnes, their lowest since Sept 2017. December production in Malaysia, the world's second-largest palm producer, was down 13% at 1.33 million tonnes versus the previous month, while exports fell 0.7% to 1.4 million tonnes, the MPOB data showed. December production was forecast to fall 13% from November to 1.34 million tonnes, and exports were seen falling 5.9% to 1.32 million tonnes. Here is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for December (volumes in tonnes):

Dec 2019 Dec 2019 poll Nov 2019* Dec 2018Output 1,333,904 1,338,107 1,538,053 1,808,038Stocks 2,007,124 2,064,000 2,255,035 3,216,476Exports 1,396,157 1,319,000 1,405,638 1,383,307Imports 123,09 75,000 74,684 108,621* indicates revised figures

(Reporting by Mei Mei Chu; Editing by Clarence Fernandez)