Average crude palm prices seen at $620/T Indonesia FOB in Q2 - analyst Mielke
Jan 22 (Reuters) -
* Average crude palm oil prices are forecast to be $620 per tonne on Indonesia free-on-board (FOB) basis from April to June this year, said leading vegetable oils analyst Thomas Mielke at an edible oils conference in Karachi, Pakistan, on Saturday
* Crude palm oil prices on Indonesia FOB basis averaged $636 per tonne in December, according to Eikon data. It was last at $626 a tonne on Friday. (PALM-IDFOB-P1)
* Mielke, the editor of the Hamburg, Germany-based newsletter Oil World, forecast Indonesian output to be 38.3 million tonnes in 2018 while Malaysian production will be at 20.7 million tonnes, according to a copy of his speech received on Monday.
* Indonesia is the world's largest producer of palm oil, followed by Malaysia. The two countries produce nearly 90 percent of the world's palm oil.
(Reporting by Emily Chow; Editing by Christian Schmollinger)