Malaysia to encourage replanting to reduce CPO stocks, boost price

Downtrend: Palm oil is among the commodities that have been affected by global economic uncertainties.

KUALA LUMPUR: Malaysia will encourage the replanting of oil palm trees in an effort to reduce crude palm oil (CPO) stock and boost the commodity's price, which has hit a low of RM1,836.50 per tonne recently.

Palm oil is among the commodities that had been affected by the global economic uncertainties with the prices spiralling downwards as compared with in 2014 where they were trading between RM1,944 and RM2,921 per tonne.