Reported about 8 hours ago
Malaysian palm oil plantations are facing continued production challenges due to severe flooding, with recovery not expected for at least another month. The situation has tightened global supply, causing prices to rise. As forecasts predict further rain, the palm oil output could be impacted significantly in the first quarter of 2025, with potential effects on stock availability during key consumption periods like Ramadan. Industry experts forecast that while production may bounce back later in the year, immediate disruptions in harvesting will likely result in lower yields.
Source: YAHOO