Thursday, July 1, 2010

DJ Malaysia 2010 CPO Output Forecast Cut To 17.8 Mln Tons -Minister

KUALA LUMPUR (Dow Jones)--Malaysia's crude palm oil output this year will likely be lower than previously expected, as unusually wet weather caused by the La Nina weather may damage crops, Plantation and Commodities Minister Bernard Dompok said Thursday.

Dompok told Dow Jones Newswires that he is revising his forecast for Malaysian CPO output to 17.8 million metric tons this year from a previous prediction of 18.1 million tons due to concerns over the expected wet weather.

Malaysia produced 17.6 million tons of CPO last year.

By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;

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