This writes the Agency "Reuters", which conducted a survey among experts and market players. Thus, the pace of palm oil production in Indonesia will slow down. For example, in 2017, Indonesia produced 36.5 million tons of palm oil, and in 2018 — about 42 million tons.
In Malaysia it is also expected a small increase in production in 2019. According to the forecast, the country will have produced 20 million tons of palm oil. In 2018, the figure was 19.5 million tons.
In this case, experts speak of a possible increase in prices for palm oil in the region by 3 %, i.e., little will be sold at a price of $574 per ton. They associate the slowing of production growth and the expected price increase with the aging of the palm and need in a palm plantation after a severe depletion in the past two years.
Source: https://sfera.fm/news/
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Translated by service "Yandex.Translation"
