Tuesday, March 6, 2012

RTRS-Indonesia crude palm oil output revised down

"Indonesian crude palm oil production in marketing year 2011/2012 is predicted to decline from an initial estimate of 25.4 million tonnes to 25 million tonnes. This downward adjustment is primarily due to production losses because of widespread use of counterfeit seed stock.

"A coconut supply disruption has led to a decline in copra production by 8.75 percent from 1.6 million tonnes in MY 2009/2010 to 1.46 million tonnes in MY 2010/2011. Copra production is predicted to further decline to 1.43 million tonnes in MY 2011/2012.

"Indonesian production of crude coconut oil decreased by 28,000 tonnes in MY 2010/2011 due to lower supply of copra. CCO production is predicted to further decline to 905,000 tonnes in MY 2011/2012."