Floods to hit Malaysian palm oil output


PETALING JAYA: The floods that have ravaged the East Coast in the recent weeks are expected to reduce palm oil output from several Malaysian states.

CIMB Research said in a report yesterday that the four worst-hit flooded states of Terengganu, Pahang, Kelantan and Perak accounted for 30% of Malaysia’s palm oil supply in 2013.

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Business , Floods , Palm oil , oil palm , commodities , plantations , market , price , klci ,

   

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