Malaysia: Oilseeds and Products Annual
Link to report:
Post forecasts Malaysian crude palm oil (CPO) production in marketing year (MY) 2021/22 at 18.5 million metric tons (MT), an increase of 646,000 MT compared to the previous year. This increase is lower than the USDA official estimate due to the ongoing shortage of manual labor in the sector. MY 2022/23 CPO production is forecast at 19.5 million MT. This robust increase (compared to the previous year) is based on the assumption that the issue of foreign labor will be resolved in time for the 2022/23 marketing year.
