KUALA LUMPUR – Malaysian Palm Oil Board (MPOB) predicts, crude palm oil (CPO) demands will be increasing for the decreasing Ringgit Malaysia towards Dollar America and the tax compensation given by the government.

Chairman of MPOB, Datuk Wan Mohammad Khair-il Anuar Wan Ahmad mentioned, it will support the high increasing export of commodity and influence the stock and CPO price to be higher.

“Last year, we had decreasing demands from the importer, especially from China,” he said as written in Bernama, Monday (19/1).

But he convinced, the CPO markets will be stable in this year for the positive reaction and the recent flood. (T3)