Malaysia urges palm oil mills to resume production despite price drop


KUALA LUMPUR: Malaysian authorities on Tuesday called on palm oil millers to resume production and buy oil palm fruits from farmers, after a plunge in prices of the edible oil prompted some companies to halt processing.

Unprofitable pricing meant some mills in Malaysia, the world's second-largest palm oil producer, had temporarily halted operations, an industry body said on Monday.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
crude palm oil , Palm oil , CPO , POMA , MPOB

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read