Breaking News- RTRS-UPDATE 1-El Nino crimps Malaysian palm oil output-MPOC
Posted by Labels: Trader's highlightKUALA LUMPUR, March 9 (Reuters) - Dry weather will continue to curb output of crude palm oil (CPO) in Malaysia in the second quarter after a lack of rainfall shaved production in the first two months of the year, an industry official said on Tuesday.
A Reuters poll of five plantation houses showed output dropped 6 percent to 1.24 million tonnes in February on lower seasonal production aggravated by the El Nino weather condition and some labour shortages. [ID:nSGE6230BF]
"Looking at production in the last two months, supply is still quite constrained, largely because of the weather," said Lee Yeow Chor, chairman of the Malaysian Palm Oil Council.
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