Indonesia’s CPO benchmark price plan not unusual


Major contributor: A man works at an oil palm plantation in Dengkil, Selangor. Exports of palm oil and palm oil-based agriculture products accounted for RM96.53bil or nearly 80% of Malaysia’s exports of agriculture goods in 2022.

IN mid-January, when Indonesia’s Trade Minister Zulkifli Hasan said the country plans to launch a crude palm oil (CPO) benchmark price by June, it caused a buzz among palm oil industry stakeholders in Malaysia.

Indonesia is the largest producer of palm oil, followed by Malaysia.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

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.

Related stories:
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The certainty dividend
Strategies to overcome market abuses
Can Malaysia catch fleeing capital?
Battle of energy drinks�
The price of war
Dark days over for cook
Singapore oasis of calm
MFS runs out of solutions
Towards a modern marketplace
Clean tech lessons put to test

Others Also Read