Higher palm oil output seen on improving fresh fruit bunches yields

PETALING JAYA: Crude palm oil (CPO) production in July is anticipated to be higher, both on a monthly and yearly basis, mainly due to improving fresh fruit bunches (FFB) yields.

“A survey of 20 Malaysian planters by the CIMB Futures team suggests that CPO production in July was 2.6% higher month-on-month and 7% year-on-year at 1.81 million tonnes,” said CIMB Research in a report yesterday.