kuala lumpur march 10 reuters  malaysias palm oil inventories at the end of february were down much less than market expectations while exports declined industry regulator data showed on thursday stockpiles in the worlds secondlargest producer of palm oil fell 212 from january to 152 million tonnes its lowest level in seven months according to malaysian palm oil board mpob data the mpob report on first sight is slightly bearish as market was trading for a lower stock scenario of 129138 million tonnes anilkumar bagani research head of mumbaibased vegetable oils broker sunvin group production which has been affected by severe labour shortages and flooding contracted 926 to 114 million tonnes a one year low february exports had been widely expected to climb but instead also slid to oneyear low it fell 532 to 11 million tonnes comparatively cargo surveyors had estimated exports to rise between 72 and 96 exports to middle east seem to have taken a large hit said sathia varqa cofounder of singaporebased palm oil analytics prices will be under pressure but the contract is still supported by a bullish external markets he added following is a breakdown of the malaysian palm oil board figures and reuters estimates for february volumes in tonnes  indicates revised figures by the malaysian palm oil board reporting by mei mei chu editing by kanupriya kapoor and rashmi aich