PUTRAJAYA, Jan 26 Malaysia will hold a meeting with the Indonesian government to discuss the republic’s intention to have its own crude palm oil (CPO) benchmark price, said.
Malaysia will hold a meeting with the Indonesian government to discuss the republic’s intention to have its own crude palm oil (CPO) benchmark price, said Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof.
A growing government emphasis on developing bio-jet fuels in the aviation industry is projected to lead to the hydro processed esters and fatty acids (HEFA) technology segment dominating the market during the forecast period.
It is unlikely that plantation companies will continue to post double-digit profit growths in 2023, according to analysts, due to lower crude palm oil (CPO) prices, higher energy costs, and costlier raw material.
The palm oil situation is expected to remain uncertain in 2023 as factors such as weather, labour situation and currency stability would shape the landscape of palm oil supply and demand balance