THE issue of rising palm oil stocks, resulting in the current downward spiral in crude palm oil (CPO) prices, must not be “overplayed”, as the commodity is fundamentally supported by encouraging global supply and demand factors.
That is the view of Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran, who said: “I do not consider the current stockpile of 1.5 million tonnes high as Malaysia’s average palm oil monthly exports are between 1.1 and 1.3 million tonnes.”
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!