Malaysia: Oilseeds and Products Annual
Palm oil production is forecast to marginally increase to 20.5 million tons in 2017/18 from 18.8 million tons in 2016/17. Production for 2018/19 is forecast to increase to 21 million tons, an increase of 2.4 percent. Although conducive weather increased production of Fresh Fruit Bunches (FFB), acute labor shortages to collect fruits meant uncollected fruits. Increased production of palm oil is attributed to high oil extraction rate with the use of high yield seedlings. Exports of U.S soybeans are expected to increase to 450,000 tons in 2017/2018 and to 470,000 tons in 2018/19. The increase is in line with projected increases in population growth and poultry consumption.
Malaysia: Oilseeds and Products Annual