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USDA forecasts higher global palm oil output in April report

The US Department of Agriculture (USDA) has raised its global palm oil output, trade and stocks forecasts in its April oilseeds world markets and trade report.

In a report on Tuesday (April 12), global energy and commodity market business intelligence provider Argus Media said the USDA had increased its global palm oil production forecast for the October 2021-September 2022 marketing year to 77.05 million tonnes, up from 75.59 million tonnes in its March report.

It said output reached 73.11 million tonnes during the 2020-21 marketing year, according to USDA data.

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

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