According to Oil World, the world's palm oil production during 2011 will reach 49.68 million tons, which rose 8.5% from 2010. Meanwhile, world consumption of palm oil during 2011 will reached 48.79 million tons, up 5.1% of 2010 consumption. The volume of world palm oil exports in 2011 is estimated to grow 4.2% YoY to 38.03 million tonnes.