Annual Report 2016
More than 30% of the world’s oils and fats requirements will be met by palm oil. Its output is set to reach 64 million tonnes, up by three million tonnes compared to 61 million tonnes in 2016. Malaysia’s CPO production, which was lower by more than 2.6 million tonnes in 2016 is set to recover in 2017. Based on projections by the Malaysian Palm Oil Board (MPOB), CPO output in Malaysia is likely to be approximately 19.3 million tonnes in 2017.