PETALING JAYA: Global palm oil prices are expected to enter a bullish environment post 2021 due to a projected decrease in production from the two largest global producers – Indonesia and Malaysia – from 2022 to 2025.
In its June 6 report, “A palm storm is brewing”, Rabobank said the expected decrease in production is a result of declining Fresh Fruit Bunches (FFB) yield of ageing palm plantations, limited available land for expansion and insufficient replanting activities in both countries.
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