Market News
Malaysia Palm Output Sinks Most in Nine Years as Rains Hit Crops - BLOOMBERG
- Production dropped 17% to 1.24 million tons in January MPOB
- Reserves shrank 7.6% from a month earlier to 1.58 million tons
Palm oil output in Malaysia fell the most since 2016 as heavy rains and floods disrupted harvesting in the world’s second-biggest grower.-At least five people were killed and thousands forced to move to safer places last month after days of heavy downpour triggered floods and landslides in several areas of the Southeast Asian nation. The states of Sarawak and Sabah, top oil palm growing areas, were among the worst affected, according to a statement from the country’s weather agency.
