Palm oil millers stop work as prices plunge, says report | The Malaysian Insight

Malaysia is one of the top producers of the palm oil, accounting for 25.8% of the world’s production and 34.3% of exports in 2020. – The Malaysian Insight file pic, June 28, 2022.

SOME Malaysian millers of palm oil have stopped production as the prices of the edible commodity tumble, Reuters reported today. Malaysian crude palm oil prices yesterday saw their biggest one-month decline in more than 13 years in June, diving 22% from a high of RM6,632 per tonne to RM4,922 ringgit.

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