2 Min Read
KUALA LUMPUR (Reuters) - Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year, a leading sector analyst told a virtual conference on Wednesday.
FILE PHOTO: A worker arranges palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS/Lim Huey Teng/File Photo
“If you plot long-run growth in crude palm oil output, if it regains its trend, production will rise by nearly 1 million tonnes in Malaysia, 4.5 million tonnes in Indonesia,” James Fry said.
“The trends imply those increases but the affects of rain, labour issues means you won’t get there,” he added.
2 Min Read
KUALA LUMPUR (Reuters) - Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year, a leading sector analyst told a virtual conference on Wednesday.
FILE PHOTO: A worker arranges palm oil fruit bunches at a factory in Tanjung Karang, Malaysia August 14, 2020. REUTERS/Lim Huey Teng/File Photo
“If you plot long-run growth in crude palm oil output, if it regains its trend, production will rise by nearly 1 million tonnes in Malaysia, 4.5 million tonnes in Indonesia,” James Fry said.
“The trends imply those increases but the affects of rain, labour issues means you won’t get there,” he added.