Malaysia’s flooded palm problems to persist for another month


Malaysian Palm Oil Board director general Dr Ahmad Parveez Ghulam Khadir.

Malaysian oil palm plantations that have been inundated with rain this year aren’t likely to see production recover for at least another month, according to a senior industry official.

The situation has already tightened supplies in the global market, which is headed for a back-to-back drawdown in stockpiles, lifting futures nearly 9% so far this month. The flooding has submerged farms and forecasters are expecting more rain, further squeezing supplies of the world’s most-consumed edible oil just as buyers restock for a major Muslim festival.

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Palm oil , MPOB , Ahmad Parveez Ghulam , edible oil

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