Vegetable Oil Output May Climb on Palm Yields, Oil World Says

Vegetable oil production may gain 4 percent in 2011 following a larger increase last year as higher yields in Malaysia and Indonesia boost palm-oil output, Hamburg-based researcher Oil World said in a report today.

World production of palm, soy, cotton, groundnut, sun, rape, palmkernel and coconut oils will rise to 145.7 million metric tons this year, Oil World said. Palm oil production will rise 8.5 percent to 49.8 million tons, according to the report. Soy oil output will gain 5.2 percent to 42.3 million tons, the researcher said.