Palm oil production expected to rise next year

(FILES) In this file photo taken on November 20, 2014, a worker arranges palm oil fruits at a factory in Sepang, outside Kuala Lumpur. - Malaysia's mammoth palm oil sector faces a new threat after Indian traders were asked to halt purchases amid a row over Kashmir, piling further pressure on the industry as Europe also plans to cut back. (Photo by Mohd RASFAN / AFP)

KUALA LUMPUR: The production of crude palm oil is expected to return in earnest next year in both Malaysia and Indonesia, OCBC Treasury Research says.

With the Malaysian Palm Oil Board’s palm stocks returning above two million tonnes in the third quarter of 2022, it means prices are expected to remain supported through the first half of 2022, it said in its Commodity Outlook 2022.