Indonesia Palm Oil Production Will Show Rise In 2017
http://www.bestoilpressmachine.com/solution/Indonesia-palm-oil-production-rise.html Improved weather conditions and expanded acreage should help Indonesia’s palm oil industry rebound from a weak harvest in 2016, though projections of higher output may put downward pressure on prices and have prompted calls for increased domestic consumption. Stronger yields are expected in 2017 for Indonesia – the world’s largest producer of palm oil, at 34m tonnes last season, or 54% of global supply, according to the US Department of Agriculture – although some effects of last year’s El Niño weather phenomenon, such as drought conditions in many areas, are still being felt. Industry projections put crude palm oil (CPO) production for this year in the range of 33m-35m tonnes as output increases in the second half – the upper end of the forecast bracket puts CPO yields some 10% higher than last year. According to revised data issued by the Indonesian Palm Oil Producers Assoc...