MDEX Close Today (16 Sept 2019) due to Malaysia Day
Login ID:
Partner Login
Contact Us : 7066511911

MPOB Ups Malaysia's 2019 Palm Oil Production Forecast To 20.3 Million Tonnes

19 Aug 2019 9:50 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - The Malaysian Palm Oil Board (MPOB) has revised up its Malaysian palm oil production forecast to 20.3 million tonnes this year due to expected good weather.

The MPOB had last pegged 2019 output at 20 million tonnes.

"Production is expected to continue its upward trend and peak in October. Crude palm oil production is anticipated to start to decline from November until December, following the normal downward production trend," said the Malaysian Palm Oil Board (MPOB) in an online conference presentation.

"The second half of 2019 is expected to show a better performance of crude palm oil production as compared to the first half due to favourable weather conditions."

Malaysia recorded 19.5 million tonnes palm oil production last year, down from 19.9 million tonnes in 2017. Despite higher output in the second half of 2019 versus the first, the MPOB said that second-half production at 10.5 million tonnes would be lower than the corresponding period last year due to lower fruit yields on less fertilizer application.

The lower output would help end-stocks to fall to 2.5 million tonnes by December, compared to the inventory levels of 3.2 million tonnes at the end of 2018. Malaysian inventories rose to their highest in nearly two decades amid high production and slower exports in December 2018. Inventories last fell to a one-year low in July, according to recent MPOB data, as exports outpaced forecasts and imports fell sharply from the previous month.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
India Spices Export Offer Price -16 SEP 2019
Spot Red Chilli Prices Rule Steady
Long/Short Quantity Position In NCDEX TURMERIC On 14 Se...
Long/Short Quantity Position In NCDEX CORIANDER On 14 S...
Long/Short Quantity Position In NCDEX JEERA On 13 Septe...
Top 5 News
India Spices Export Offer Price -16 SEP 2019
Icex Rubber Closing Price – 16 September 2019
Commerce Ministry Recommends Raising Of Import Duty On ...
New Moong Firm At Major Markets Despite Increased Arriv...
Madhya Pradesh Sugar Mill Prices – 16 September 2019
Top 5 Special Reports
Weekly ICE cotton: Ends Sharply Up; Hopes Pinned On US...
Weekly ICE Sugar: Ends Mixed On Near-Term Supply Views,...
Weekly: Urad/Masoor Post Strong Gains This Week
USDA Revises Down 2019-20 Global Cotton Production Esti...
USD/INR—Unable to Surpass Overhead Resistance Zone (71-...
Copyright © CC Commodity Info Services LLP. All rights reserved.