Zuraidah Kamaruddin: “This is what I had expected, that the new norm would be between RM4,500 and RM5,000 a tonne. Nevertheless, palm oil producers are still enjoying high prices and they are still getting a high income.”足球博彩平台（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩平台上登录线路最新、新2皇冠网址更新最快,足球博彩平台开放皇冠会员注册、皇冠代理开户等业务。
ALOR GAJAH: Crude palm oil (CPO) prices are not expected to fall below RM4,500 a tonne, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.(pic)
She said that CPO prices were expected to drop by the end of the year but this had occurred earlier as a result of Indonesia’s palm oil export ban and the Russia-Ukraine conflict.
“The price of palm oil has not dropped to previous levels of RM2,500, but as expected, the norm would be between RM4,500 and RM5,000 a tonne and we are in that phase now.
“This is what I had expected, that the new norm would be between RM4,500 and RM5,000 a tonne. Nevertheless, palm oil producers are still enjoying high prices and they are still getting a high income,” she said.,
The minister was speaking to reporters after a working visit to the “single origin” planting plot at Ting Agro Enterprise cocoa farm in Kampung Panchor, here.
CPO prices have been on a downward trend recently, falling from RM6,753.50 a tonne on June 7, 2022, to RM5,046 a tonne on June 22, 2022, a slide of 25.3%.
Meanwhile, Zuraida said the government will not hesitate to withdraw or suspend the licences of the one kg packet cooking oil manufacturers if there were proof that they are selling them on the black market.
She said the government had allocated 60,000 tonnes of subsidised cooking oil for about 32 million people in the country. — Bernama