DJ Malaysia 2011 Palm Oil Exports Likely 16.5 Mln Tons - Trade Body Executive 05.08.2011
MUMBAI (Dow Jones)--Malaysia is likely to export 16.5 million metric tons of palm oil and palm-based products in 2011, up from 15.0 million to 15.5 million tons last year, an industry executive said Friday.
"We are expecting production to be on the higher side, which will boost exports," Wan Mohd Zain Wan Ismail, chairman of the Palm Oil Refiners Association of Malaysia, told reporters.
Malaysia is likely to produce more than 18 million tons of palm oil in 2011, he said on the sidelines of a conference.
Last year, the Southeast Asian nation produced around 17 million tons of the commodity