ALOR GAJAH (July 3): Crude palm oil (CPO) prices are not expected to fall below RM4,500 a tonne, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
She said that CPO prices were expected to drop by the end of the year but this had occurred earlier as a result of Indonesia’s palm oil export ban and the Russia-Ukraine conflict.
KUALA LUMPUR, July 20 — The demand for palm oil is expected to stay strong in 2022, especially in the food sector, with the reopening of economic sectors and international borders, said the Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.
She said by having the market on their side, palm oil-producing countries have the control to push for a better narrative on palm oil at the global level.
PUTRAJAYA: The government today urged upstream oil palm growers and downstream palm oil producers in Malaysia to join hands and reap the benefits of the void created following Indonesia's decision to halt its palm oil exports.
"While Malaysia sympathises with Indonesian palm oil players who will be impacted by significant shift in the demand-supply mechanics in the country, this is the best time for our palm oil players to enhance their innovation capabilities, while exploring possible strategies to meet a spike in demand by palm oil importing countries," said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
PUTRAJAYA: In the face of threats that the United States and the European Union will impose sanctions on palm oil, Malaysia is looking to develop new markets for the commodity.
The effort will begin with the consolidation of the various agencies dealing with the cultivation, promotion and export of the commodity.
Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin. - NSTP file pic
KUALA LUMPUR: The clip of speech by Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin about orangutans which has gone viral was edited and taken out of context.
The ministry in a statement said as a result, the clip was distorted and did not entirely reflect her entire speech.