MARKET DEVELOPMENT
Malaysia's 2021 palm oil output seen lower at 18.4 mln T – MPOC
Malaysia's 2021 palm oil output seen lower at 18.4 mln T – MPOC
18.10.2021 (www.todayonline.com) - KUALA LUMPUR, Oct 18 - Malaysia's crude palm oil production in 2021 is forecast to decline by 700,000 tonnes to 18.4 million tonnes due to a labour shortage and erratic weather conditions, state agency the Malaysian Palm Oil Council (MPOC) said on Monday.
Neighbouring Indonesia has not faced such labour issues and has expanded its planted area by about 200,000 hectares this year, MPOC chief executive Wan Zawawi Wan Ismail said in an online seminar.
Production in the world's largest palm oil producer is projected to rise by 2.5 million tonnes to 45.5 million tonnes, he said. REUTERS