‘Act fast to promote palm oil’

Malaysian palm oil futures dropped from an eight-week high on Thursday, falling as much as 1.4 percent in the second half of trade, weighed down by weaker soyoil on the U.S. Chicago Board of Trade (CBOT) and profit taking.

KUALA LUMPUR: Malaysia must act fast in promoting its palm oil to new markets in the Middle East and Africa, says Primary Industries Minister Teresa Kok.

This is because other palm oil-producing countries are also trying their best to penetrate the markets there.