date:May 16, 2016
35.5 million tonnes of the edible oil in 2015, with Malaysia producing 19.96 million tonnes.
I think all the impact from El Nino has already been crystallised. So that is not now going to be a surprise, he said. The weather phenomenon typically brings dry weather to swathes of Asia.
Malaysian palm oil futures jumped to a two-year high at the end of March, but the market has given up some of those gains following a decline in Chinas commodity markets.
Separately, Golden Agri-Resources Ltd, one