Wet weather may hamper Indonesia palm output in 2013 -industry body

Reuters

JAKARTA, Sept 30 (Reuters) - Indonesia's palm oil productionmay rise by only 5 percent to 26.7 million tonnes this year dueto wet weather conditions, the chairman of an industry body inthe world's top producer said on Monday, slightly lower than aprevious estimate.

Crude palm oil (CPO) output in Indonesia was 25.5 milliontonnes last year, Derom Bangun, chairman of Indonesian Palm OilBoard told reporters, and this will rise to between 26.7 to 27million tonnes for 2013.

"Indonesia's CPO production this year will most likely belower than expected because of the wet weather in the last dryseason disturbing pollination," said Bangun, who previouslyforecast 2013 output at 28 million tonnes.

Earlier this month, Bangun said 2014 production of palm oil,which is used mainly as an ingredient in food products such asbiscuits and ice cream, and for biofuel, may hit as high as 30million tonnes. (Reporting by Yayat Supriatna; Writing by Michael Taylor;Editing by Muralikumar Anantharaman)

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