Upbeat outlook for palm oil


Council of Palm Oil Producing Countries executive director Tan Sri Yusof Basiron (pic) said palm oil prices had been relatively high for most of 2020 and 2021, and for producer countries, the increase in revenue from the palm oil sector was much welcomed

KUALA LUMPUR: The post-pandemic outlook for the palm oil industry in Malaysia remains bright, backed by the balanced supply and demand as well as expected recovery from labour shortages next year.

Council of Palm Oil Producing Countries executive director Tan Sri Yusof Basiron said palm oil prices had been relatively high for most of 2020 and 2021, and for producer countries, the increase in revenue from the palm oil sector was much welcomed. — Bernama

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