Production is seasonally weakest in the first quarter, and typically peaks in either the third or fourth quarter of the year, Maybank Ib Research said.
KUALA LUMPUR: A strong palm oil output recovery is expected in the second half of this year (H2) from good rainfall, the normalisation of fertiliser application and support from better prices.
Palm oil supply was tight in 2020 due to biological tree stress. However, Maybank IB Research anticipates 2021 to be a year of recovery for palm oil supply, especially in H2 on the back of the seasonality reason.
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