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Indonesia, Malaysia palm oil output to rise in 2018; may pressure prices


KUALA LUMPUR: Palm oil output in the world's top two producing countries is forecast to climb to new highs this year as output fully recovers from its El Nino-stunted 2017 level, pushing 2018 average prices down by 7 percent from last year, a Reuters poll showed.

Benchmark prices are forecast to average 2,620 ringgit ($676.30) a tonne this year, versus 2,807 ringgit in 2017, according to the median estimate from a poll of 14 traders, planters and analysts.

Plantations

   

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