Moderate recovery seen for M’sia’s palm oil exports in 2021

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 package

PETALING JAYA: Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 million tonnes for 2021 compared with 19.14 million tonnes 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.