Upbeat outlook for palm oil


Council of Palm Oil Producing Countries executive director Tan Sri Yusof Basiron (pic) said palm oil prices had been relatively high for most of 2020 and 2021, and for producer countries, the increase in revenue from the palm oil sector was much welcomed

KUALA LUMPUR: The post-pandemic outlook for the palm oil industry in Malaysia remains bright, backed by the balanced supply and demand as well as expected recovery from labour shortages next year.

Council of Palm Oil Producing Countries executive director Tan Sri Yusof Basiron said palm oil prices had been relatively high for most of 2020 and 2021, and for producer countries, the increase in revenue from the palm oil sector was much welcomed. — Bernama

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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!

Palm oil , Yusof Basiron , CPO ,

   

Next In Business News

Pasdec in RM74mil land sale
Aizo secures RM24mil infrastructure job
Izham’s contract with Malaysia Airlines extended
Johor Plantations to focus on driving efficiency
MMHE returns to the black in the third quarter
AZRB founder Tan Sri Wan Zaki passes away
Solar glass plant in Kimanis gets the green light
Gamuda, IJM likely RM6bil flood tunnel job winners
Bumi Armada to weigh buying MISC energy assets
October new vehicle sales decline 8.3%

Others Also Read