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FAS Kuala Lumpur (Post) projects a slight decrease in palm oil production in Market year (MY) 24/25 to 19.2 million metric tons (MT) on recent weather challenges and lower than average production in the beginning months of the MY. With palm oil at a premium to competing vegetable oils, Post estimates a decrease in exports of approximately 770 thousand MT for MY 24/25.
The world’s major meteorological organizations have issued alerts about the increasing probability of an El Niño event. Sea-surface temperatures (SST) from March through May have begun to rise in the eastern and central Pacific ocean. In early June...