Palm | Kelapa Sawit

BEIJING, Sept 9 (Reuters) - China's official grain think-tank has lowered its forecast for the country's corn output by 1 million tonnes to 165.5 million tonnes from the previous August estimate due to a severe drought in the country's northeast corn-growing region.
The new corn output figure was 0.3 percent lower than last year's harvest despite a 2 increase in planted acreage this year.
The CNGOIC estimate was more optimistic than the 10 percent drop that other analysts had expected.