VEGOILS-Palm falls at midday break on bearish data outlook

* Palm on track line for second day of losses

* Malaysian palm stocks rise to 3 million tonnes - MPOB

* Palm oil's target zone of 1,956-1,972 rgt/T aborted -

techs

By Emily Chow

KUALA LUMPUR, Dec 10 (Reuters) - Malaysian palm oil futures

slipped at the midday break on Monday and were on track for a

second day of declines, as traders were bearish ahead of an

official data release during the market's midday break.

Industry regulator Malaysian Palm Oil Board (MPOB) announced

November data for Malaysia's stockpiles, production and exports

at the market's break. Inventories at end-November rose above 3

million tonnes, the highest in at least 18 years, as a steep

decline in exports boosted reserves.

The benchmark palm oil contract for February delivery

on the Bursa Malaysia Derivatives Exchange declined

0.2 percent to 1,994 ringgit ($479) a tonne at the midday break.

Trading volumes stood at 5,342 lots of 25 tonnes each at the

midday break. (1FCPO-TOT)

"Trading sentiment is cautious ahead of MPOB's report on

November palm oil supply and demand," said a Kuala Lumpur based

trader.

"Trading sentiment for the week is likely to mirror MPOB's

November palm oil supply and demand report as analysts'

forecasts are pointing to record high end-stocks," the trader

added.

Palm oil stocks last month rose 10.5 percent from October to

3.007 million tonnes, while production in November slid 6.09

percent from the previous month to 1.85 million tonnes.

Exports fell 12.9 percent to 1.375 million tonnes.

In other related oils, the Chicago December soybean oil

contract was down 0.5 percent, while the January soybean

oil contract on the Dalian Commodity Exchange fell 1.9

percent.

Meanwhile, the Dalian January palm oil contract

declined 1.1 percent.

Palm oil is impacted by movements of other edible oils, as

they compete for a share in the global vegetable oil market.

A bearish target range of 1,956-1,972 ringgit per tonne has

been aborted for palm oil, said Wang Tao, a Reuters market

analyst for commodities and energy technicals.

Palm, soy and crude oil prices at 0557 GMT:

Contract Month Last Change Low High Volume

MY PALM OIL DEC8 0 +0.00 0 0 0

MY PALM OIL JAN9 1910 -6.00 1901 1912 257

MY PALM OIL FEB9 1994 -4.00 1985 2001 3228

CHINA PALM OLEIN JAN9 4138 -44.00 4132 4172 52582

CHINA SOYOIL JAN9 5198 -94.00 5190 5248 111544

CBOT SOY OIL DEC8 28.5 +0.00 0 0 24

INDIA PALM OIL DEC8 495.00 +2.50 489.50 496 263

INDIA SOYOIL DEC8 738.1 -0.30 735.5 740.5 1770

NYMEX CRUDE JAN9 52.54 -0.07 52.03 52.81 50369

Palm oil prices in Malaysian ringgit per tonne

CBOT soy oil in U.S. cents per pound

Dalian soy oil and RBD palm olein in Chinese yuan per tonne

India soy oil in Indian rupee per 10 kg

Crude in U.S. dollars per barrel

($1 = 4.1640 ringgit)

(Reporting by Emily Chow; Editing by Sai Sachin Ravikumar)