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335770

Global palm oil output seen up by 2.9 mln tonnes in 2022/23-analyst Mielke

NUSA DUA, Indonesia, Nov 4 (Reuters) - Global palm oil output is seen increasing by 2.9 million tonnes in the 2022/23 season, leading industry analyst Thomas Mielke said in a conference on Friday.

Vegetable oil prices have been volatile this year and the volatility could happen again in 2024 if production did not increase and if biodiesel policies were not made with thorough consideration, said Mielke, head of Hamburg-based analyst firm Oil World. (Reporting by Bernadette Christina Writing by Fransiska Nangoy Editing by Ed Davies)

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