Post-pandemic future looks bright for palm oil industry
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 (CPOPC) executive director Yusof Basiron said palm oil prices had been relatively high for most of 2020 and 2021, and for producer countries, whose economies were affected by the pandemic, the increased revenue from the palm oil sector was much welcomed.
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