Traders expect Malaysia's November palm oil production to fall by 25%
Traders expect Malaysia's November palm oil production may fall by 25%
According to traders, recent heavy rains in Malaysia's oil palm growing areas have affected oil palm harvesting and production and could lead to lower yields, and Malaysia's November palm oil production may fall by 25%.
November palm oil production may fall by 25% from the previous month. Only 1.48 million tons.
Johor region, the main palm growing area in southern Malaysia. Plantation owners said October palm oil production was unusually high, but recent rainfall will increase the moisture content of palm fruit, so palm oil production will drop sharply. In addition, these areas may also experience flooding.
The Johor region accounts for about 20% of Malaysia's total palm oil production of 17 million tons.
Sabah state usually accounts for more than a quarter of the country's total production, and heavy rains have also recently occurred in that region. Some plantation owners' oil palm yields have fallen by 30 to 40%, and plantation roads have been submerged by water. Because the moisture content is as high as 0.4%, far above the standard 0.25%, the crude palm oil price is 200 to 300 ringgit lower than the retail price of 2,160 ringgit.
November palm oil production may fall by 25% from the previous month. Only 1.48 million tons.
Johor region, the main palm growing area in southern Malaysia. Plantation owners said October palm oil production was unusually high, but recent rainfall will increase the moisture content of palm fruit, so palm oil production will drop sharply. In addition, these areas may also experience flooding.
The Johor region accounts for about 20% of Malaysia's total palm oil production of 17 million tons.
Sabah state usually accounts for more than a quarter of the country's total production, and heavy rains have also recently occurred in that region. Some plantation owners' oil palm yields have fallen by 30 to 40%, and plantation roads have been submerged by water. Because the moisture content is as high as 0.4%, far above the standard 0.25%, the crude palm oil price is 200 to 300 ringgit lower than the retail price of 2,160 ringgit.