Pick-up in CPO prices expected in 2015

Short-term setback: Industry players expect crude palm oil (CPO) prices to pick up soon as there is healthy demand for the vegetable oil.

At The Star Roundtable on Palm Oil 2014 held at Menara Star in Petaling Jaya recently, The Star specialist editor M. Shanmugam and deputy news editor Hanim Adnan led the discussion joined by IOI Corp Bhd CEO Datuk Lee Yeow Chor, Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron, Genting Plantations Bhd president and chief operating officer Yong Chee Kong, IJM Plantations Bhd chief executive officer and managing director Joseph Tek, and Sarawak Oil Palm Plantation Owners Association chairman Paul Wong.

 The topics: Crude palm oil (CPO) price outlook; supply rationalisation measures; Goods and Services Tax; challenges faced by Sarawak and Sabah planters; and, sustainability and standards. The topics: Crude palm oil (CPO) price outlook; supply rationalisation measures; Goods and Services Tax; challenges faced by Sarawak and Sabah planters; and, sustainability and standards.