PREVIEW-Malaysia's end-Nov palm oil stocks to fall for second straight month

* November stocks expected to fall 5.1% to 1.79 mln MT - poll * Output forecast to drop 6.13% to 1.69 mln MT * Exports projected to decline 12% to 1.52 mln MT * Malaysian Palm Oil Board data due on Dec. 10 KUALA LUMPUR, Dec 5 (Reuters) - Malaysia’s palm oil inventories are forecast to fall in November for a second consecutive month as torrential rains disrupt production, a Reuters survey showed on Thursday. Palm oil stocks are expected to fall to 1.79 million metric tons, down 5.1% from October, according to a median estimate of ten traders, planters, and analysts polled by Reuters. MYPOMS-TPO Crude palm oil output is expected at 1.69 million metric tons, a 6.13% decline from the previous month and the third straight monthly fall. MYPOMP-CPOTT “The persistent rains will likely continue to affect production and compromise the quality of crude palm oil, especially in December and the first quarter of 2025,” said Paramalingam Supramaniam, director at Selangor-based brokerage Pelindung Bestari. Exports of palm oil products are projected to fall by 12% to 1.52 million metric tons, snapping two consecutive months of gains, the survey showed. MYPOME-PO The fall in seasonal demand after the Deepavali festive holidays and the slowdown in demand from China contributed to the lower figures, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd. The Malaysian Palm Oil Board (MPOB) is scheduled to release its monthly data on Dec. 10. Breakdown of November estimates (in metric tons): Range Median Production 1,586,000 - 1,707,481 1,687,254 Exports 1,420,000 - 1,580,000 1,524,277 Imports 14,500 - 40,000 15,000 Closing Stocks 1,690,000 - 2,100,000 1,788,500 * Official stocks of 1,884,597 tons in October plus the above estimated output and imports yield a total November supply of 3,586,851 tons. Based on the median of exports and closing stocks estimate, Malaysia's domestic consumption in November is estimated to be 274,074 tons. (Reporting by Ashley Tang; Editing by Sonia Cheema) (([email protected];))