Malaysia's January palm oil production smallest in five yearsStaff writer ▼ | February 15, 2016
Malaysia's palm oil production fell by 19.3%, month on month, in January, to 1.13m tonnes, the Malaysian Palm Oil Board (MPOB) said.
Palm oil output The MPOB data showed inventories dropped by 12.4%
The number also represented the smallest January output figure in five years for Malaysia, which is the second-ranked producing country, after Indonesia.
The report underlined expectations that Malaysia's palm oil output may decline this year, with the UK's AHDB bureau saying the data “support concerns that have been building about how much palm oil output could decline in 2016”.
In January, the MPOB data showed inventories dropped by 12.4% from December to a six-month low of 2.31m tones, some 80,000 tonnes below market expectations. ■