A worker seen here collecting the oil palm harvest from a plantation in Ayer Tawar, near Sitiawan. The oil palm industry was an important development to the rubber-based Sitiawan and both crops became major sources of income.
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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
