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Breaking News-RTRS-Malaysia's top palm oil state sees lower July output

Posted by Flora Sawita Labels:

KUALA LUMPUR, Aug 5 (Reuters) - Malaysia's top palm oil producing state of Sabah will see output in July falling up to 15 percent to 352,712 tonnes from a month ago as biological tree stress shows little sign of easing, plantation owners said on Wednesday.
Located on the eastern side of Borneo island, Sabah accounts for nearly a third of Malaysia's total palm oil output and a shortfall will drag palm stocks in the world's No. 2 supplier of the vegetable oil way below 1.41 million tonnes notched in June, traders said.

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