Malaysia bets instant noodles will sustain palm oil demand in coronavirus-hit China
KUALA LUMPUR (REUTERS) - Malaysia expects palm oil demand in China to remain strong despite the coronavirus epidemic as people forced to stay indoors eat more packaged foods, such as instant noodles, that use a lot of the edible oil, the industry regulator said.
Brokers and traders have forecast palm oil prices could fall over coming weeks if the spread of the deadly virus continues to disrupt travel and leads to a wider shutdown of offices, malls and factories.
Palm oil is used widely in food courts and by catering companies in China, Malaysia's second biggest customer for the oil behind India.……
Food & Beverage SE Asia
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