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The production and export of palm oil in Malaysia are currently on the rise
According to a statement issued by the state-owned entity, the Malaysian Palm Oil Board (MPOB), production in July increased by 11.21%, reaching 1,610,052 metric tons.
- Economy
- Published Date: 09:17 | 10 August 2023
- Modified Date: 09:20 | 10 August 2023
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During the same month, exports saw a 15.55% rise, reaching 1,353,925 metric tons. Imports, on the other hand, decreased by 23.24% to 103,837 metric tons.
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As a result, palm oil stocks saw a 0.68% increase, reaching a total of 1,731,512 metric tons.
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