JAKARTA: Palm oil output in Indonesia may rebound from the first decline in 18 years as more favourable weather helps plantations in the world’s biggest grower recover from the impact of a drought.
Production may rise to 35.5 million tonnes this year from 31.5 million tonnes in 2016, said Togar Sitanggang, secretary-general of the Indonesian Palm Oil Association. Output fell 3% last year because of the delayed impact of El Nino weather, the association, known as Gapki, said in a statement.
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