CPO exports in MY 2019/20 are forecast at 18.2 million MT.
KUALA LUMPUR: Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in Kuala Lumpur:
Post forecasts crude palm oil (CPO) production in marketing year (MY) 2019/20 at 20.6 million metric tons (MT).
This decrease of 200,000 MT (compared to the previous quarterly report's estimate) is based on industry reports of abnormally dry weather in certain parts of the country and diminished use of fertilizer among smallholders and some plantation operations the previous year.
CPO exports in MY 2019/20 are forecast at 18.2 million MT.
This slightly diminished estimate (compared to Post's MY 2018/19 estimate) is due to weakening demand from India through the first two months of the new marketing year.
To read the full report, click: https://bit.ly/2tmBmC4. - Reuters
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
