date:Mar 05, 2019
Global palm oil production is expected to hit 74.9 million tonnes for 2018-2019, as prices of the commodity likely improve this year, leading palm industry analyst Thomas Mielke said on Monday.
The forecast is a significant hike from the 70.5 million tonnes of palm oil produced in the 2017/18 period, according to data from the U.S. Department of Agriculture.
Mielke said palm oil was undervalued at the end of February, and he expected prices to rise.
In the course of the next 6, 10 months for