Growth seen in Malaysian palm oil industry this year due to positive outlook - Bursa chairman

KUALA LUMPUR: The Malaysian palm oil industry is expected to show growth in 2024 in light of recovery in labour supply, improved palm oil price projections and heightened demand from key export destinations, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar.

He said that while the palm oil industry’s outlook appears positive, market participants should remain vigilant of possible interlocking challenges.