Heavy Rains to Tighten Malaysian Palm Kernel Oil (PKO) Supply, Push Prices Higher in Global Markets
31/12/2024 (ChemAnalyst) - Heavy rains anticipated in the month of December 2024 are expected to disrupt palm oil production in Malaysia, creating ripples across global markets for palm kernel oil (PKO). The Malaysian Palm Oil Board (MPOB) has projected a significant decline in crude palm oil (CPO) output due to adverse weather conditions. As PKO is derived from the same oil palm tree, a production shortfall is anticipated to tighten its supply, driving up prices in the international market.
