The crude palm oil (CPO) spot prices reported by the Malaysian Palm Oil Board have averaged close to RM4,050 per tonne in the first five months of this year. This reminds us once again of how often the oil palm industry has come to the fore to ease the economic pains of the nation. And so often it is the oil palm industry that gets rural Malaysia moving again after an economic downturn. Undoubtedly, there is still much to be done to modernise the oil palm industry and make it more efficient. There are towns and communities entirely dependent on the oil palm industry.

Source: The Star May 30, 2021 23:48 UTC