MUMBAI, Sept 28 — Malaysia’s palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the...
MUMBAI, Sept 28 — Malaysia’s palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board said on Thursday.
The forecast reverses the MPOB’s May prediction that 2024 production could drop between one and three million metric tonnes. El Nino is a warming of Pacific waters that typically produces drier conditions over Asia, curbing the output of some crops. Palm oil planters were forced to let thousands of tonnes of fruit rot for a third straight year in 2022 as a worker shortage prevented companies from increasing harvesting during the peak production season.
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