Good move to have body like OPEC for palm oil industry: MPOB

Good move to have body like OPEC for palm oil industry: MPOB

The Edge Markets - Malaysia·2019-11-20 21:03

KUALA LUMPUR (Nov 20): The Malaysian Palm Oil Board is in favour of any move by Indonesia and Malaysia as the world’s largest producers of palm oil to form a body similar to the Organisation of Petroleum Exporting Countries (OPEC).

The move would enhance transparency and maintain crude palm oil (CPO) price at the same time, it said.

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