Breaking News-RTRS-Reuters Summit-"Green" palm oil output may double as prices rise
Posted by Labels: Trader's highlightKUALA LUMPUR, March 15 (Reuters) - Palm oil output that does not cut down forests and harm wildlife may double to 3 million tonnes by the end of this year as benchmark Malaysian prices steadily rise, an industry official said on Monday.
The bulk of it will come from Malaysia as big planters come closer to ensuring their estates, mills and processors comply with commitments set by the industry-driven Roundtable on Sustainable Palm Oil (RSPO).
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