According to Oil World executive director Thomas Mielke, (file pic) the recovery of palm oil production this season will not bring the palm oil levels back to what it was two years ago.
PETALING JAYA: The palm oil stocks globally are currently at multi-year lows and this has to do with the loss in growth momentum in the global production.
And even as it is expected to rebound by 3.2 million tonnes in September or October, the magnitude will not be as high as what it was in 2016 and 2017.
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!
