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 Norsaidatul Najwa Mohd Shaharmi
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 Global Cosmetic News
 Colombian palm oil production up 10 percent this year

08.09.2020 (www.globalcosmeticsnews.com) - THE WHAT? Colombia’s palm oil yield is on course to reach 1.65 million tonnes this year, an increase of 10 percent on 2019 figures, according to a report published by Nasdaq.

THE DETAILS The world’s fourth largest producer of the commodity saw production rise 8 percent in the first half.

As Jens Mesa, President of the National Federation of Oil Palm Growers told Reuters, per Nasdaq, “It puts us on a path to recovery once again, compared to what we had last year when there was a contraction of production, and it has compensated in a way for what we’ve lost in price.”

THE WHY? The country’s producers’ association attributes the growth in output to an increase in workforce and maturation of previously planted crops.


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