According to MPOB chairman Datuk Ahmad Jazlan Yaakub, (pic) the monsoon season which brings about floods in many parts of oil palm areas could also affect palm oil production this month up until early next year.
PETALING JAYA: The Malaysian Palm Oil Board (MPOB) expects the current high prices of crude palm oil (CPO) trading above RM3,000 per tonne mark will continue until the first quarter of 2021, given the tight supply situation.
According to MPOB chairman Datuk Ahmad Jazlan Yaakub, the monsoon season which brings about floods in many parts of oil palm areas could also affect palm oil production this month up until early next year.
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