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Mistry keeps forecast for palm oil to hit RM3,100 by Jan

Mimi Sabreena 4:23:00 PM Informasi

KUALA LUMPUR (Nov 15): While production is currently in a high cycle, stockpiles are building up slowly, Dorab Mistry, director at Godrej International, says at oilseed conference in Guangzhou, China.

* Forecast for Malaysia production in 2017 raised to 19.5 million tons

** Compares with est. of 19.1 million-19.3 million tons given on Nov 3

* Indonesia 2017 output seen at 34.5 million tons

** Compares with est. of 34 million-34.5 million tons given on Nov 3

* No changes to 2018 output forecasts

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