PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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MARKET DEVELOPMENT
MARKET TALK: MPOB '04 CPO Output Forecast Likely E
calendar21-12-2004 | linkDow Jones | Share This Post:

20/12/04 (Dow Jones)--Malaysia's 2004 CPO production likely to surpassearlier MPOB forecast of 13.66 million tons, traders say. Output inJanuary-November at 12.66 million tons, already above earlier MPOBprojection for the period at 12.39 million. But higher-than-forecast 2004output not surprising as MPOB figures considered conservative; most marketplayers already expecting production about 13.8 million tons.