Stronger ties, new markets boost crude palm oil sales

Khoo Gek San

Primary Industries and Commodities Deputy Minister Wee Jeck Seng says the price of Malaysia’ crude palm oil has become comparable to that of Indonesia, the world’s largest exporter of palm oil. – The Malaysian Insight file pic, July 19, 2021.

RENEWING and strengthening ties with traditional crude palm oil (CPO) export markets as well as finding new buyers have boosted the sale of the product for Malaysia, Wee Jeck Seng said.

Ministry of Plantation Industries and Commodities Deputy Minister added that the Perikatan Nasional (PN) government’s decision to strengthen relationships with China and India saw the two traditional buyers increase their purchase volume again from Malaysia.

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