Malaysia: Oilseeds and Products Update
Link to report:
Post revised the forecasted palm oil production in marketing year MY2023/24 to 19.0 million metric tons (MT) and exports to 16.6 million MT. Contrary to expectation, the El Niño weather pattern in Malaysia has so far been weak to medium intensity. In addition, less replanting than expected and a marginal increase in labor availability have played a role in this revised outlook. India and China remain Malaysia’s top importers of palm oil.
