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.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil posts big weekly drop after US jobs data
A class above
Investors with Australian property: Beware TAX
Getting a good price for your home
Investing amid shifting expectations
Economic proxy play
Putting money on the banks
Higher credit score, better mortgage options
Is TM better off exiting DNB?
Gamuda wins Sabah power project

Others Also Read