KUALA LUMPUR : Palm oil production in the world's largest producers, Indonesia and Malaysia, will remain squeezed this year amid anticipation of rising demand from key market China, industry officials said in a seminar on Thursday.
But this will not translate into much availability of palm oil for exports due to greater domestic processing in Indonesia, including the move to a higher biodiesel mandate, he said. "Production of Indonesian palm oil industry is on a decline trend while on the demand side there is a shift in consumption from exports to domestic consumption," GAPKI official Fadhil Hasan said.
Source: News Formal (newsformal.com)
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