Daim: Be one step ahead in tackling palm oil's yo-yo market - Nation - News Summed Up

Daim: Be one step ahead in tackling palm oil's yo-yo market - Nation


KUALA LUMPUR (Bernama): Malaysia must be one step ahead in planning ways to react to the price volatility in the palm oil market to protect the country's source of income, as well as the wellbeing of the smallholders, says Council of Eminent Persons chairman Tun Daim Zainuddin. Noting that the price of CPO depends on market forces, he said: "This is normal even during my time. This has opened up more opportunities to the other edible oils, including palm oil. "But don't react when it's too late, because it might affect our market and the smallholders," he said. Meanwhile, Daim, who was former finance minister, urged youths to venture into modern agriculture using the latest technology.


Source: The Star April 21, 2019 06:22 UTC



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