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Post forecasts Malaysia’s palm oil production in MY 24/25 at 19.2 million metric tons (MT), a decrease from MY 23/24 projections due to delayed effects of the El Niño season.
Côte d’Ivoire ranks as Africa’s second largest producer of crude palm oil (CPO); trailing just behind Nigeria’s production, it is a pivotal player in the sub-Saharan regional market.
Côte d'Ivoire is one of the leading producers of palm oil in Africa, with annual production exceeding 500,000 metric tons since 2018. The country consumes over 75% of its palm oil production domestically, with palm oil being a staple for 90% of the population. The high domestic demand for palm oil outstrips supply, creating intense competition for fresh fruit bunches (FFB).
Post maintains the projections for 2021/22 and updates MY 2022/23 with an optimistic outlook on production resulting from good weather conditions and an improved labor situation.
Post revised its MY 2021/22 crude palm oil (CPO) production downward from 18.2 million tons to 18.0 million tons, taking into account the effect of anomalous weather from the super typhoon Rai (a month of rain recorded in one day on December 18 in Peninsular Malaysia) and the continuing acute labor issue the industry has faced since 2019.
Post is adjusting its MY 2021/22 crude palm oil (CPO) production forecast down 1.5 million metric tons (MT) from the USDA Official estimate to 18.2 million MT.
Post estimates Malaysian crude palm oil (CPO) production in marketing year (MY) 2020/21 at 19
Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 100,000 metric tons (MT) to 19.6 million MT as labor issues stemming from the COVID-19 pandemic...
Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 1 million metric tons (MT) to 19.7 million MT.
Post is adjusting its marketing year (MY) 2019/20 crude palm oil (CPO) production estimate down 200,000 metric tons (MT) to 19.5 million MT.
Post forecasts Malaysian crude palm oil (CPO) production in marketing year (MY) 2019/20 at 19.7 million metric tons (MT), a decrease of 1.15 million MT compared to the previous year.
Post forecasts crude palm oil (CPO) production in marketing year (MY) 2019/20 at 20.6 million metric tons (MT).