Malaysian palm oil prices poised for biggest annual advance in six years

Ng: ‘Production is weaker than expected, which suggests that trees are still impacted by El Nino, or the monsoon.’

KUALA LUMPUR: Palm oil output in Malaysia fell more than expected in November as trees remain stressed by adverse weather conditions, boosting expectations for prices which are poised for the biggest annual advance in six years.

Production of crude palm oil dropped 6.1% to 1.57 million tonnes in November from a month earlier, the Malaysian Palm Oil Board (MPOB) said yesterday.