SANDAKAN: Palm oil prices are to remain bullish in the next five months due to the crop-damaging weather in the United States, India's doubling of taxes on refined products and the approaching El Nino phenomenon.
In promising a bright outlook for the commodity, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said: "I don't see anything disastrous coming our way."
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!