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Asia, News

Palm oil production, price outlook for 2020

(Updates contributor) KUALA LUMPUR, Jan 21 (Reuters) – Following are the results of a Reuters poll on palm oil’s 2020 production and its benchmark prices on the Bursa Malaysia Derivatives Exchange. For a related story, see. CONTRIBUTORS PRODUCTION (MLN T) PRICE (RINGGIT) MALAYSIA INDONESIA MEDIAN 19.93 45.75 2,650 HIGH 23.3 49 2,950 LOW 18.5 39.5 2,300 Indonesian Palm Oil Board – 47.5 2,950 Indonesia Palm Oil – 49 2,650 Research Institute Malaysian Palm Oil Board 20.2 – 2,750 Kenanga Investment Bank – – 2,700 Phillip Futures 19.5 45.5 2,650 CGS-CIMB Securities 19.63 47 2,300 Malaysian research house – – 2,300 Palm Oil Analytics 20 46 2,600 Kwantas 19.5 44 2,800 The Farm Trade 19.85 46.9 2,550 DBS Vickers Securities 23.3 39.5 2,417 Sunvin Group 20.3 43.5 2,700 Hyderbad based importer 21 43 2,550 Mumbai based importer 19.8 44 2,650 Indore based importer 20 43.5 2,500 Founder Securities 18.5 – – RHB Research 19.86 47.09 2,600 Malaysian trading house 20.65 47.39 2,650 2019 DATA 19.86 45.5* 2,248 2018 DATA 19.5 43 2,308 * estimates by the Indonesian Palm Oil Board (Reporting by Mei Mei Chu in KUALA LUMPUR; Additional reporting by Bernadette Christina Munthe in JAKARTA, Rajendra Jadhav in MUMBAI, and Hallie Gu in BEIJING; Editing by Tom Hogue)


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