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Published on: Saturday, January 09, 2021
By: Bernama
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Win-win: India calls on Malaysia to send its CPO and let India’s refining industry prosper. (Pic: FocusM)
Kuala Lumpur: Malaysian palm oil companies should export crude palm oil (CPO) to India to allow the Indian refining industry to prosper, according to a veteran industry analyst.
Godrej International Trading and Investments Pte Ltd Director Dorab Mistry said Malaysia, the world’s second-largest palm oil producer, should not only see India, the largest consumer of palm oil, as an export destination, but also as an industry partner.
“It took us many years to convince the Malaysian government to go to India as a partner and not strictly as an exporter of palm oil.
3:47 PM MYT KUALA LUMPUR, Jan 8 (Bernama): Malaysian palm oil companies should export crude palm oil (CPO) to India to allow the Indian refining industry to prosper, according to a veteran industry analyst.
Godrej International Trading and Investments Pte Ltd director Dorab Mistry said Malaysia, the world’s second-largest palm oil producer, should not only see India, the largest consumer of palm oil, as an export destination, but also as an industry partner. It took us many years to convince the Malaysian government to go to India as a partner and not strictly as an exporter of palm oil. And don’t just flood India with RBD (refined, bleached and deodorised) oil, send your CPO and let India’s refining industry prosper because that is a win-win situation, he said at the Malaysian Palm Oil Trade Fair and Seminar 2021 (POTS Digital 2021) yesterday.
Thursday, 07 Jan 2021 05:05 PM MYT
At the close of trading yesterday, crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to rally for a third consecutive day with the benchmark March 2021 closing at a fresh high of RM3,877 per tonne. Reuters pic
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KUALA LUMPUR, Jan 7 The palm oil industry outlook is expected to be rosier this year with business resumption, improved production by producers and higher consumption in traditional markets, a plantation expert said.
“Palm oil price will rise despite already having increased by 40 per cent, and it is finally coming back, tracking more market share. This could also be due to the Covid-19 vaccine availability.