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 (Sep 28).
Production in the world’s largest palm oil producer after Indonesia plunged 20 per cent during a 2016 El Nino event, but the impact this year has so far not been severe, said the regulator’s director-general Ahmad Parveez Ghulam Kadir.
The forecast reverses the board’s May prediction that 2024 production could drop between one and three million tonnes.
“We don’t really see a very strong or serious negative effect of El Nino so far,” Ahmad Parveez told reporters on the sidelines of an industry conference in Mumbai.
El Nino is a warming of Pacific waters that typically produces drier conditions over Asia, curbing the output of some crops.
“We are anticipating higher production in 2024 than this year because of better labour availability, and some of the new areas would start yielding,” he said.
Source: The Business Times
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
