Malaysia’s CPO export value up 37% in first quarter on higher prices

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the increase was due to the higher palm oil price, despite the volume of export being almost the same.

CAREY ISLAND: The value of Malaysia’s crude palm oil (CPO) exports rose by RM3.31bil or 37% year-on-year during the first quarter of 2017.

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the increase was due to the higher palm oil price, despite the volume of export being almost the same.