Bright outlook seen for palm oil sector next year


Plantation, Industries and Commodities deputy minister Datuk Datu Nasrun Datu Mansur (right) and chairman of the Malaysian Palm Oil Board Datuk Ahmad Hamzah (second from left) having a closer look at the types of palm oil seed while Malaysian Palm Oil Council chairman Datuk Lee Yeow Chor (left) and MPOB director-general Dr Ahmad Kushairi Din look on at the recent Malaysia Palm Oil Trade Fair & Seminar.

KUALA LUMPUR: The outlook for the country’s palm oil sector next year is bright on the back of higher global demand.

Malaysian Palm Oil Board (MPOB) director-general Dr A. Kushairi Din said the US and Indonesia’s commitment to boost biofuel usage, coupled with China’s positive response towards increasing oil palm import from Malaysia, would be a boon to the industry.

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