Wednesday, 09 Sep 2020 11:37 AM MYT
Factors that contribute to the positive sentiment, he noted, include the implementation of the B20 programme, encouraging export figures, lower production and inventory, and new potential markets. Exports to India declined to 852,450 tonnes for that period from 3.04 million tonnes last year due to, among others, the temporary shutdown of the hotel, restaurant and café industry.
“Although so far we have only managed to export CPO, I think as long as we secure their market and help stabilise our stocks level, it will still be okay and the prices will be supported. “We will never satisfy them and they just want to protect their own crop, which is more expensive and less sustainable.
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