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NBPO production flat

This article was originally published in The Public Ledger

OUTPUT from New Britain Palm Oil’s (NBPO) Asia operations will be flat at 519,000 tonnes this year after soaring 21% in 2011, the company said this week, adding that plantation expansion may rise by between 2,000 to 5,000 hectares per year. Last year, palm oil output by NBPO, which is headquartered in Papua New Guinea and Singapore, rose 21% with the help of an acquisition the previous year and favourable weather.

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