Hike in price of non-subsidised cooking oil affected by price of crude palm oil

PUTRAJAYA: The rise in non-subsidised cooking oil prices was influenced by the rising price of crude palm oil (CPO) since August last year, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi. He said the CPO price was reported to have risen above RM3000 per tonne in December last year, receiving many […]

MPOB optimistic of further rise in CPO price

BANGI: The Malaysian Palm Oil Board (MPOB) is optimistic that the crude palm oil (CPO) price will continue to increase from the current RM2,800 per tonne level despite the Covid-19 pandemic. Chairman Datuk Ahmad Jazlan Yaakub said this is due to continued demand from affected importing countries, including India. “The government’s role is important in […]