Higher output: A worker carries palm oil fruits during harvest time in Sumatra. Palm oil production may rise to 35.5 million tonnes this year from 31.5 million tonnes in 2016, according to the Indonesian Palm Oil Association. – Reuters
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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
