KUALA LUMPUR, Oct 18 (Reuters)Global palm oil production will increase by 3.5-4 million tonnes in the 2021/22 crop year to almost 80 million tonnes, leading analyst Thomas Mielke forecast on Monday.

Output at top producer Indonesia will rise by 1.7-2 million tonnes, while Malaysia – the second biggest producer – is seen recording growth of 1-1.2 million tonnes, Mielke, head of Hamburg-based analyst firm Oil World, said in an online seminar.

(Reporting by A. Ananthalakshmi; Editing by Christopher Cushing)

((ananthalakshmi.as@thomsonreuters.com; Twitter: @AnanthalakshmiA;))

Source: Nasdaq


Please enter your comment!
Please enter your name here