NORTH SUMATRA, INDONEIA - OCTOBER 22: A view of land clearing for oil palm plantations at Kebun Pabatu, Serdang Bedagai distric on October 22, 2016 in North Sumatra, Indonesia.
Indonesia's palm oil inventories probably rose to four months for supplies in the world's largest manufacturer approaching a seasonal peak. Production is likely to reach its peak in October, said Derom Bangun, chairman of Indonesian Palm Oil Council. While the output is likely to rise, growth should be slower than usual due to delayed effects of El Nino, palm tree usually enter the production cycle seasonally higher in the second half of the peak between August and October. The stock rose 12 percent to 1.9 million metric tons in September from 1.695 million tonnes in August, the highest since May.
PHOTOGRAPH BY Albert Damanik / Barcroft Images
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