Jan 7 2011 5:38PM
NEW DELHI (Dow Jones)--Malaysia expects its palm oil output in 2011 to rise to 17.5 million-17.8 million tons on higher yields, a senior Malaysian government official said Friday.
The country is estimated to have produced 17.0 million-17.5 million in 2010, Under Secretary M. Nagarajan told reporters.
The final production figure of 2010 is expected on Jan. 10, he added.
Last month, the government-linked Malaysian Palm Oil Board said it expected palm oil output for 2011 may rise only a tad from last year's 17.2 million tons as Malaysia plans to chop down more unproductive trees.
Malaysia aims to cut 365,000 hectares of oil palm trees older than 25 years in a bid to boost national average yields, which have remained stagnant at around 4.08 tons per hectare for the past 20 years, and has fallen behind major producer Indonesia, since 2007.
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