This month the United States Department of Agriculture (USDA) estimates that the World Palm Oil Production 2016/2017 will be 64.5 million metric tons, around 1 million tons less than the previous month's projection.
Palm Oil Production last year (*) was 58.84 million tons. This year's 64.5 estimated million tons could represent an increase of 5.65 million tons or a 9.6% in palm oil production around the globe.
(Values in Metric Tons)
Next Update will be November 9, 2016.