Wednesday, April 20, 2011

Breaking News - RTRS-Oil World ups Indonesia palm oil output forecast

HAMBURG, April 19 (Reuters) - Indonesia, the world's top palm oil exporter, will produce 23.8 million tonnes in 2011 versus 22.0 million tonnes last year, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
The forecast is 100,000 tonnes higher than Oil World's previous estimate though below the 25.0 million forecast by industry analyst Dorab Mistry.