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
Exports of Malaysian sustainable palm oil into the Middle East and North Africa (MENA) region will continue to grow in tandem with the increasing population of the region, said consulting and trading firm Farm Trade.
Malaysia and Indonesia will be the focus of international oils and fats trade this year, supported by the projection of a 4% world economic growth and higher demand for vegetable oils, said the Malaysian Palm Oil Council (MPOC).
KUALA LUMPUR, March 28 The export revenue of palm oil and other palm-based products is expected to improve by 1.4 per cent to RM110 billion this year from RM108.52 billion in 2021, the Malaysian Palm Oil Board (MPOB) said. Director-general Datuk Dr Ahmad Parveez Ghulam Kadir said the higher.
KUALA LUMPUR (March 28): The sudden shortage of sunflower oil supply has forced food producers to reverse their ban on palm oil and return to this vegetable oil as their frying fat and food ingredients.