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MPOB pessimistic over Malaysian palm oil output

This article was originally published in The Public Ledger

THE Malaysian Palm Oil Board (MPOB) expects crude palm oil output to drop as low as 14m tonnes this year, which would make it the country's lowest production volume since 2004 and well below market expectations Sabri Ahmed, chairman of MPOB, told a conference in Kuala Lumpur that CPO production was lagging behind in the first six months of the year and would be unlikely to reach the 16.5m tonnes forecast earlier in the year. "The decrease (in output) is due to floods in Johor state and the normal cycle of oil palm trees, " he explained.



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