KUALA LUMPUR – Palm oil output in Malaysia, the biggest producer after Indonesia, will probably drop the most in 10 months in December amid a seasonal decline in yields.
Production is set to fall 11% to 1.56 million tons from 1.75 million tons in November, according to the median of five analyst and trader estimates compiled by Bloomberg, on Wednesday (24/12/2014).
Besides, Malaysian Palm Oil Board data shows that the production would be the lowest for December since 2011 and 6.6% less than a year earlier. (T4)
