Traders forecast a significant increase in Malaysia's palm oil production in July
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Last Update: 2002-08-15
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Source: Internet
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Author: User
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Introduction: Ivan Wong, a private forecaster in Malaysia, predicted that the palm oil production in July would increase to 96 million tons Ivan Wong, a private forecaster in Malaysia, predicted that the palm oil production in July would increase to 965000 tons, 20000 tons higher than that in June However, traders believe that the production last month could exceed 1 million tons The reason for the increase in production is that Malaysia's amnesty for illegal workers expired on July 31 Therefore, in order to earn more money before leaving Malaysia, many illegal workers harvest a large number of oil palm fruits Some oil palm fruits that should not be harvested until August are also harvested early in July, which will result in a large increase in palm oil production in July C2J
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