MARKET DEVELOPMENT
Market Talk: MPOB Forecasts 2005 CPO Output 14.24M
Market Talk: MPOB Forecasts 2005 CPO Output 14.24M
17/1/05 (Dow Jones)--MPOB forecasts 2005 Malaysian CPO production at 14.24million tons, up 2% from 2004. Traders say figures within expectations asmost players expecting production growth to moderate this year due tocyclical reasons; add, however, that final 2005 figures probably higher asMPOB typically conservative in its projections.