KUALA LUMPUR: The Malaysian palm oil industry is expected to improve on its performance this year compared with 2013, supported by expected higher production and stronger demand from export destinations, and the use of biodiesel.
In 2013, the industry had improved in terms of volume, but decreased in value terms compared to 2012. This was mostly due to lower crude palm oil (CPO) prices as well as export prices on palm oil products.
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