Increased likelihood of La Nina to benefit palm oil production: Golden Agri

THE increasing likelihood of the La Nina weather phenomenon occurring will be positive for palm oil producers, said Golden Agri-Resources.

The world's second-largest palm oil producer also said that while it is expecting year-on-year growth in its fresh fruit bunches (FFB) production to taper off in the fourth quarter due to a high base effect last year, its overall FFB production is still expected to grow by 10-15 per cent this year, and up to 10 per cent in 2018.

La Nina typically brings hig…