Indonesia Top Palm Oil Producer Expected Output 23 Million Tonne 2011

Top palm oil producer Indonesia is expected to produce 23 million tonnes this year on faster expanding acreage. Crude palm oil output in the world?s second largest producer could rise 2.2 per cent to 18.7 million tonnes from a projected 18.3 million tonnes in 2011 due to aggressive replanting, the Finance Ministry said in the 2011/2012 economic report.

Malaysia?s oil palm acreage will rise 4.1 per cent to 5.1 million hectares this year from 4.9 million hectares in 2010. Land under rubber was likely to expand 2.7 per cent to 1.1 million hectares this year from last year.

For the first eight months of this year, Malaysia produced 12 million tonnes of the tropical oil amid signs of weakening yields due to the after effects of El Nino-driven hotter weather in 2010.

?The oil palm industry is forecast to grow 7.1 per cent over the next five years, driven by further gains in average productivity,? said the report that was issued during Malaysia?s budget presentation.

Indonesian palm oil production forecast 2011-2012, palm output production 2011, the outlook of the palm oil industry 2011, Palm oil outlook 2011 - 2012, business outlook of palm oil industry in malaysia, indonesian palm oil output forecast 2012.