Growth seen in Malaysian palm oil industry this year due to positive outlook — Bursa chairman

Publish date: Tue, 05 Mar 2024, 12:17 PM

KUALA LUMPUR: The Malaysian palm oil industry is expected to show growth in 2024, in light of recovery in labour supply, improved palm oil price projections and heightened demand from key export destinations, said Bursa Malaysia Bhd chairman Tan Sri Wahid Omar.

He said that while the palm oil industry's outlook appears positive, market participants should remain vigilant of possible interlocking challenges.

"These may come in the form of the increasingly unpredictable weather conditions, potential shifts to global trade and environmental, social and governance (ESG) policies, and ongoing geopolitical risks, all of which could significantly impact palm oil trade," he said in his welcoming remarks at the 35th Palm and Lauric Oils Price Outlook Conference and Exhibition (POC2024) here on Tuesday.



  - Bernama

Discussions
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DickyMe

Very simplistic like a school kid's opinion.
How are you going to handle EU's carbon tax?
They are forcing zero carbon emission and how do you think they will support palm export?

2024-03-06 21:21

EngineeringProfit

This has not been debated in the parliament. No quality brainstorming there. Only arguing about whether bak means any meat or only pork. Shame on puspaspis- even as dayak, I know bak means any meat

2024-03-06 21:27

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