Malaysia: Oilseeds and Products Update
As a result of lower than forecast production in the first 6 months and expectations for a return to slightly above trend yields for the remainder of 2014/15, palm oil output is now forecast at 19.535 million tons. Imports have increased as local independent refiners find CPO from Indonesia attractive. Despite a slowdown in exports during the first half of the year, the pace of export demand is expected to resume in the final half of the year as major buyers rebuild depleted stocks.
