Dip in palm oil sales to India, China temporary setback, says FGV

Dip in palm oil sales to India, China temporary setback, says FGV

Free Malaysia Today - South East Asia·2020-02-10 08:43

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FGV is confident the lower demand for palm oil is a temporary setback.

KUALA LUMPUR: The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings, one of the world’s largest producers.

That’s because supplies are low this quarter, and food and fuel demand is set to stay robust over the long term, according to CEO Haris Fadzilah Hassan.

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