* Palm oil has lost nearly 20 percent in 2011 * Exports for Sept. 1-20 to show further decline * Euro zone crisis sparking fears of commodity demand slowdown (Updates prices, adds market talk on export data) By Niluksi Koswanage KUALA LUMPUR, Sept 19 (Reuters) - Malaysian palm oil futures fell on Monday as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow. Palm oil has lost almost 20 percent so far this year on high stocks and a slowdown in demand, although some traders bet that festival demand in India may see some orders coming in. "Sentiment is rather weak. Exports are definitely slower in September but India's Diwali festival is coming up and there should be some support from there," said a trader with a foreign commodities brokerage, referring to the Hindu festival on Oct. 26. Benchmark December palm oil FCPOc3 on the Bursa Malaysia Derivatives Exchange settled down 0.94 percent to 3,041 ringgit ($984.38) per tonne. Overall trade volumes were light, with 14,092 lots of 25 tonnes changing hands, compared to the usual 25,000 lots, as the market was still quiet after a long weekend. Technicals were negative, with Reuters analyst Wang Tao expecting palm oil to fall to 3,000 ringgit per tonne, as it has completed a consolidation within an ascending triangle. Traders are looking for Sept. 1-20 Malaysian palm oil exports to show a downward trend after a strong August as China and India pause on buying in hopes prices fall further. The market expects exports during that period to stand at 977,000 tonnes, down 16.5 percent from 1.17 million tonnes in August 1-20. Brent crude futures fell more $1 a barrel on Monday on a stronger dollar and concerns that Greece's sovereign debt problem may turn into a full-blown banking crisis. U.S. soyoil for October delivery dropped 1 percent, while the most active May 2012 soybean oil contract on China's Dalian Exchange lost 1.3 percent. Palm, soy and crude oil prices at 1003 GMT Contract Month Last Change Low High Volume M'ASIA PALM OIL OCT1 3080 -19.00 3059 3082 572 M'ASIA PALM OIL NOV1 3049 -29.00 3034 3060 3955 M'ASIA PALM OIL DEC1 3041 -29.00 3026 3054 7420 M'ASIA PALM OIL JAN2 3042 -28.00 3027 3053 1583 DALIAN SOY OIL MAY2 10048 -128.00 10044 10146 400036 CBOT SOY OIL DEC1 56.30 -0.56 56.20 56.79 6774 NYMEX CRUDE OCT1 86.80 -1.18 86.35 87.75 11867 Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil in Chinese yuan per tonne Crude in U.S. dollars per barrel ($1 = 3.089 Ringgit) (Editing by Miral Fahmy) ((niki.koswanage@thomsonreuters.com)(+603 2333 8035)(Reuters Messaging:)(niki.koswanage.thomsonreuters.com@thomsonreuters.net )

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