MARKET DEVELOPMENT
Global palm oil output to grow by 3.5-4 mln T in 2021/22 - analyst Mielke
Global palm oil output to grow by 3.5-4 mln T in 2021/22 - analyst Mielke
17.10.2021 (www.nasdaq.com) - KUALA LUMPUR, Oct 18 (Reuters) - Global palm oil production will increase by 3.5-4 million tonnes in the 2021/22 crop year to almost 80 million tonnes, leading analyst Thomas Mielke forecast on Monday.
Output at top producer Indonesia will rise by 1.7-2 million tonnes, while Malaysia - the second biggest producer - is seen recording growth of 1-1.2 million tonnes, Mielke, head of Hamburg-based analyst firm Oil World, said in an online seminar.
(Reporting by A. Ananthalakshmi; Editing by Christopher Cushing)