Daim: Be one step ahead in tackling palm oil's yo-yo market

KUALA LUMPUR, 18 April -- Bekas Pengerusi Majlis Penasihat Kerajaan Tun Daim Zainuddin ketika ditemu bual Bernama mengenai Projek Laluan Rel Pantai Timur (ECRL) di Menara Ilham hari ini. --fotoBERNAMA (2019) HAK CIPTA TERPELIHARA

KUALA LUMPUR (Bernama): Malaysia must be one step ahead in planning ways to react to the price volatility in the palm oil market to protect the country's source of income, as well as the wellbeing of the smallholders, says Council of Eminent Persons chairman Tun Daim Zainuddin.

He said since Malaysia is a small country and 80% of its crude palm oil (CPO) and palm oil-based products are exported, it is vital for the country to team up with Indonesia, the world largest producer of the commodity, especially in tackling the challenges from the European Union (EU) and the US-China trade dispute.