Malaysia CPO production seen steady to higher in 2024 | Malaysia CPO production 2024

Malaysia’s CPO production is projected to notch 18.50 to 18.75 million mt in 2024, or between a fall of 0.30% to a meager increase of 1.06% from a year ago. The sluggish pace of growth for the seventh year in a row reflects the severity of yield sapping impact of El Nino from 2016 when output fell to 17.32 million mt or a whopping 2.641 million mt or 13.21% from the prior year.

Although CPO production rebounded strongly post-El-Nino to an impressive 19.961 million mt in 2017, the gains were…