Malaysia Palm Oil Exports Likely Up 4.3% In 2019 - MPOB

MALAYSIA'S PALM OIL EXPORTS FORECAST TO RISE 4.3% IN 2019 – MPOB

*MALAYSIA'S PALM OIL EXPORTS IN 2019 LIKELY TO RISE 4.3% Y/Y AT 17.2 MILLION TONNES IN 2019

*EXPORTS IN 2018 STOOD AT 16.5 MILLION TONS

*TOTAL PRODUCTION IS ALSO FORECAST TO GROW BY 4% TO 20.3 MILLION TONS VS 19.5 MILLION TONS RECORDED IN 2018

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PALM OIL PRICES TO AVERAGE OVER 2,500 RGT PER T IN 2019 – MPOB

*AVERAGE PRICE OF CRUDE PALM OIL IS EXPECTED TO REBOUND TO OVER 2,500 RINGGIT ($609) PER TONNE IN 2019

*MPOB CHAIRMAN MOHD BAKKE SALLEH TOLD A PALM CONFERENCE THAT HE ALSO EXPECTED TOTAL PALM OIL PRODUCTION TO EXCEED 20 MILLION TONNES THIS YEAR.