Malaysia Forecasts Growth in Palm Oil Exports Despite Trade Policy Risks

Palm Oil (CPO)

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Industry officials stated that Malaysia's palm oil exports are anticipated to see an uptick this year due to enhanced demand from key markets, despite facing potential risks from changes in trade policies and geopolitical tensions. Forecasts suggest a 3.3% year-on-year increase in palm oil exports to reach 15.6 million tonnes in 2024, with the export value of palm oil and palm-based products expected to rise by 4.3% to Malaysian ringgit (M$) 110 billion. This information was shared by Abdul Wahid Omar during the 35th Palm & Lauric Oils Price Outlook Conference & Exhibition (POC2024) in Kuala Lumpur.