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Malaysian CPO Output Rises in April
KUALA LUMPUR - Jun 4/06 - SNS -- Crude palm oil (CPO) production rose 5.4% to 1.3 million metric tons (MT) in April 2006, according to the Malaysian Palm Oil Board (MPOB).
While output in the Peninsula Malaysia increased by 8.7%, East Malaysia's production rose just 1.1%. Compared to April 2005, output during April 2006 was 5% higher.
CPO output is entering the seasonal uptrend in the coming months. The palms are also slowly recovering the biological stress experienced during the Oct 05 - Feb 06 period. Post expects CPO output to increase to 3.9 million MT in the April-June quarter.
Commenting on the situation in the country, the U.S. agricultural attache here said, "Strong overseas demand during late April and early May boasted local CPO prices during the first week of May. However, prices weakened along with softer overseas demand during the latter part of May."
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