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FGV Holdings, one of the world's largest palm oil producers, expects its output to rise 1% to 3% in 2025. The CEO attributed the growth to replanting that has raised fresh fruit bunch yields and to an improving oil extraction rate, targeted at 20.8% to 21% versus 20.61% last year.
Higher output from a major producer adds to palm supply, which supports a bearish outlook for palm oil prices as the market loosens.
reuters.comAshley TangFeb 26, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
