date:Mar 14, 2016
on, Gapki, has forecast a 400,000-tonne drop to 31.1m tonnes in domestic output of the vegetable oil in 2016, which would represent the first year-on-year decline since 1998.
Demand reversal
Nonetheless, palm oil futures eased by 0.4% to stand at 2,568 ringgit a tonne in late deals in Kuala Lumpur, after the Malaysian Palm Oil Board data showed Malaysian inventories falling by less than investors had expected, despite the weak production figure.
Malaysias palm oil inventories were, at 2.17m t