Palm oil output in the world's top two producers Indonesia and Malaysia will rise next year and likely surpass the 2015 record, as trees recover from a crop-damaging El Nino weather pattern, said leading industry analyst Dorab Mistry on Thursday.
The recovery in palm oil output will lead to a "massive rebuilding of stocks" in the oil-year ending Sept 30, 2017, he also said.
"It is too early to forecast Malaysian and Indonesia production for calendar year 2017 but it is more than likely to exceed the record production of 2015," Mr Mistry said at an industry conference in Kuala Lumpur.