Palm Oil Has Been Rallying to Record High
Hoe Lee Leng, Regional Head of Plantations, RHB Investment Bank
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Palm oil prices has been soaring, in part triggered by the ongoing war in Ukraine that has led to the disruption in the global edible oils trade flows and drove market to look for alternative edible oil. In addition to that, price increase is also triggered by supply disruption from the world's largest palm oil producer. Hoe Lee Leng, Regional Head of Plantations of RHB Investment Bank shares more insights on the developments in the palm oil industry. Image credit: Pexels.com
Produced by: Tan Chen Li
Presented by: Wong Shou Ning, Tan Chen Li
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Categories: trends and forecasts, markets
Tags: palm oil, palm oil prices, edible oils, commodities, Russia-Ukraine conflict,