KUALA LUMPUR, Jan 11 ― The Malaysian palm oil industry’s performance is expected to improve in 2024 on the back of better labour supply and stronger price.
KUALA LUMPUR: The palm oil industry is expected to remain a key driver of Malaysia’s economic growth, said Plantation and Commodities Minister Datuk S.
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Malaysia's palm oil export revenue is expected to fall by 24.1% in 2023 to RM102.5 billion, compared with a record RM135 billion posted in 2022, due to normalised crude palm oil (CPO) prices forecast for this year.