Kuala Lumpur Kepong Bhd executive chairman Tan Sri Lee Oi Hian.
PETALING JAYA: In 2024, the palm oil sector benefited from strong crude palm oil (CPO) prices, on the back of supply constraints and the upcoming Indonesian biodiesel mandate despite ample soybean stocks.
Though CPO prices moved to the height of RM5,000 per tonne, it was not without uncertainties due to rising inflation, supply chain disruptions and fluctuating commodity prices.
