The United States Department of Agriculture (USDA) estimates Malaysia’s 2019/20 palm oil manufacturing at 20.Five million metric lots (mmt), down 2 percent from remaining month and down 1 percent from closing 12 months.
Harvested region is estimated at 5.35 million hectares, unchanged from remaining month, but up 1 percentage from closing year. Yield is anticipated at 3.83 million tons in line with hectare, down three percent from closing month and down 2 percentage from final 12 months.
After above-average rainfall in 2017 and 2018, seasonal rains during 2019 under performed, negatively impacting cutting-edge palm oil production. Latest reports from the Malaysia Palm Oil Board (MPOB) indicate cumulative crude palm oil (CPO) manufacturing for October and November at 3.33 mmt, down thirteen percentage from ultimate 12 months and the lowest cumulative general for October and November since 2008.
On average, October and November constitute the very best CPO output within the market 12 months accompanied by way of August and September. USDA’s market year for Malaysia palm oil is October thru September.
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