Global palm oil output to fall by 2 million tons or more next year, analyst Mielke says
Global palm oil production is expected to decline by at least 2 million metric tons next year, with potential for a larger decrease due to the El Niño weather pattern, according to industry analyst Thomas Mielke.
Global palm oil production is expected to fall by 2 million metric tons next year and could decline further because of the El Niño weather pattern, which brings hotter and drier weather, industry analyst Thomas Mielke said on Wednesday. Kuala Lumpur, Oct 7 (Reuters) — Reporting by Ashley Tang; writing by Rozanna Latiff; editing by David Stanway.