MPOB: CPO price to average at RM5,100 a tonne this year


KUALA LUMPUR: The Malaysian oil palm industry sees a brighter performance this year, which may continue into 2023, supported by stronger demand for the commodity, the Malaysian Palm Oil Board (MPOB) said.

Director-general Datuk Ahmad Parveez Ghulam Kadir said the ongoing Russia-Ukraine conflict has disrupted the sunflower oil supply chain globally, causing a surge in the demand for palm oil as a replacement for sunflower oil.

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MPOB , palm oil , performance , CPO price , exports , production , FFB

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