MPOB lowers CPO output forecast

The Malaysian Palm Oil Board (MPOB) has lowered its crude palm oil (CPO) output forecast for this year to 17.6 million tonnes from an earlier forecast of 18.1 million tonnes, as the industry experiences lower oil extraction rates.

"Heavier-than-usual rains have disrupted harvesting and lowered palm oil extraction rates," said MPOB director-general Datuk Mohd Basri Wahid.

The revision means Malaysia's palm oil output is stagnating at 17.6 million tonnes for the third straight year, while Indonesia continues to see rising production.


Read more: