Palm | Kelapa Sawit

KUALA LUMPUR, Aug 8 (Reuters) - Malaysia's palm oil production hit its highest for this year in July and will start a downward trend expected to last until December, a top official of industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.

Palm oil production in the world's No.2 supplier of the vegetable oil has climbed steadily on favourable crop weather and a recovery in yields that has weighed on benchmark futures.

MPOB Director General Choo Yuen May said the trend will reverse after the July peak as foreign labourers go on extended leave for Eid al-Fitr holidays, leaving more palm fruits unharvested.