KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) expects crude palm oil (CPO) offtake to increase this year due to the depreciation of the ringgit and tax exemption given by the government. Its Chairman Datuk Ar Wan Khair-il Anuar Wan Ahmad said the situation would encourage higher exports of the commodity, resulting in lower inventory level and higher CPO prices. œLast year, we experienced a slight decrease with lower demand from importers especially China.
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