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JAKARTA (rambuenergy.com) – Malaysia’s crude palm oil (CPO) production is expected to reach 20 million tons in 2015, up from the estimated 19.5 million tons this year.
Plantation Industries and Commodities Minister Datuk Amar Douglas Uggah Embas was quoted by Bernama news agency as saying that the 2014 CPO production was hampered by the floods later in the year whereby a total of 7,500 smallholders covering 24,000 hectares and 230 oil palm estates spanning 160,000 hectares were affected.
He said CPO production in December was expected to drop by between 15 percent and 20 percent to 1.4 million tons from 1.75 million tons recorded in previous month.
Stockpile is expected to ease to two million tonnes from 2.7 million tonnes last month.
Uggah said the country’s stockpile would likely continue to decline, going forward, as the Malaysian government implemented the Biodiesel B7 programme (blending of 7 percent palm biodiesel with 93 percent petroleum diesel) on full throttle throughout the country this month. (*)
