Malaysia lowering crude palm oil imports to manage stock levels

Stock management: A man collecting oil palm fruits in Perak. The Government is also taking other measures to manage CPO stock, including increasing biodiesel consumption and implementing a replanting incentive scheme.

KUALA LUMPUR: Malaysia is cutting its crude palm oil (CPO) imports to manage its stock levels and prevent prices from falling.

Plantation Industries and Commodities Minister Datuk Seri Amar Douglas Uggah Embas said it had been projected that CPO stocks in Malaysia would hit three million tonnes if no measures were taken.