Production to rise: Oil plam production in the second half is expected to be better than the first half this year. – AFP
PALM oil production in Malaysia will probably drop 10% this year after El Nino cut yields in the first half, according to Plantation Industries and Commodities Minister Datuk Mah Siew Keong.
Annual output will be lower even after a recovery in production in the second half, Mah says in an interview in Putrajaya. The world’s second-largest grower produced 19.96 million tonnes of crude palm oil in 2015, according to Malaysian Palm Oil Board data. A 10% drop would mean supply of about 17.96 million tonnes, the lowest since 2010, the data show.
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