Research house says CPO production may go up

The government will draw up new strategies and approaches to combat the anti-palm oil campaign by the European Union (EU) which give negative perceptions of the palm oil industry in this country.

THINGS are not looking great for Malaysian plantation players, with rising cost and no strong catalysts to boost crude palm oil (CPO) prices.

Palm oil stocks have begun to rise after five months of declines, while exports fell in June on weaker demand from key markets.