Slow China CPO demand as Beijing reins in credit growth

IOI Corp's mill in Johor. Given the current low CPO prices, the group expects m

PETALING JAYA: Demand for palm oil from China, one of the world’s largest consumers of edible oils, could wane as the government reins in credit growth, says Kuala Lumpur Kepong Bhd (KLK).

“With tougher measures being imposed on opening of letters of credit in China, demand for palm oil will be affected,” the plantation giant said in a stock exchange filing.