MPOC: Moderate recovery seen for Malaysia's palm oil exports in 2021


KUALA LUMPUR: Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 metric tonnes (MT) for 2021 compared with 19.14 MT last year, the Malaysian Palm Oil Council (MPOC) said.

Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said the price forecast was based on uncertainties pertaining to the COVID-19 pandemic recovery, political situation and stimulus packages.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
POINTERS 2021 , CPO , Palm Oil , MPOC , economy

Next In Business News

PETRONAS Dagangan's 2Q net profit rises to RM387.21mil on better margins, declares 25c div/share
New project launches boost E&O's performance in 1Q
T7 Global records stronger 1H contributions from energy, industrial solutions segments
Malaysia's leading index rises 1.3% in June
Matrade raises Mihas 2026 sales target to RM5bil
Oil falls as US prepares to unveil new Iran sanctions
Sidec’s Selangor Triple Accelerator Programme showcases 90 startups
Shares dither, oil slips in wait for US details of Iran sanctions
Khazanah seeks more startups to scale via Dana Impak after SkyeChip success
Traders remain selective in anticipation of corporate results

Others Also Read