According to industry consultant M.R. Chandran (pic), the industry is living through a perfect storm as the coronavirus pandemic and the collapse of the crude oil prices hits CPO demand for food, feed and fuel.
PETALING JAYA: A recovery in crude palm oil (CPO) prices is envisaged by the last quarter of this year if the Covid-19 led lockdowns are fully lifted in Malaysia’s major export markets.
In addition, biodiesel production and its use in Malaysia and Indonesia will need to become an economically viable proposition.
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