Experts see fall in palm oil production in Malaysia, Indonesia due to El Nino impact


Mielke:

BALI: Experts are expecting a “dramatic change” in world palm oil production, with annual growth expected to fall for the first time next year, due to the impact of El Nino in Indonesia and Malaysia.

Reduced production in Indonesia would be cushioned by the opening of new areas, and this will cause stagnant production at about 33.5 million tonnes from the country in 2016, but in Malaysia, it is expected to decline slightly.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , palm oil , plantation , commodities

   

Next In Business News

Starbucks considers selling stake in Chinese business, Bloomberg News reports
Asian stocks stutter as Nvidia's forecast disappoints
Oil prices edge up on geopolitical tensions; higher-than-expected US inventories cap gains
KAB registers strong growth in sustainable energy segment
Sime Darby Property aims for balanced sales contribution from industrial, residential segments
India's Adani Group sees US$22bil in value wiped off after US indictments
PETRONAS Chemicals lifts KLCI amid broader market weakness
Northern Solar inks underwriting agreement with M&A Securities
Bitcoin breaks US$95,000 for first time on optimism over Trump crypto plans
Ringgit opens lower against greenback on cautious sentiment

Others Also Read