Demand for Malaysian palm oil to rise to 19.85 million tonnes, says vegetable oil association

DEMAND for Malaysia’s palm oil is forecast to notch higher to 19.85 million tonnes this year from 19.01 million tonnes in 2022 as exports are set to grow to 16.44 million tonnes from 15.73 million tonnes previously.

Other demands are expected to come from domestic (2.98 million tonnes) and usage for biodiesel production (440,000 tonnes), said Indian Vegetable Oil Producers’ Association president Sudhakar Desai.