Deputy Plantation Industries and Commodities Minister Willie Mongin: (pic) “We are optimistic and confident of at least maintaining the price at this level. In fact, the government’s seriousness in fostering good diplomatic ties with importing countries has also helped in maintaining or improving the commodity’s price. ”
KUCHING: The biodiesel improvement programme and initiatives in the country as well as the opening of new markets have contributed to the increase in palm oil price currently, said Deputy Plantation Industries and Commodities Minister Willie Mongin.
He said, for example, the price of crude palm oil (CPO) has increased to RM2,880 per tonne at present, while fresh fruit bunches (FFB) is around RM540 per tonne, after falling to RM260 per tonne previously.
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