Monday, 22 Jun 2020 12:57 PM MYT
The plantation expert also said that the palm oil supply has been surprisingly little affected by lockdowns and Covid-19. “The coronavirus surprisingly had little impact on the palm oil supply. There was a brief period of lockdown in Sabah but it has ended and it has not really affected production,” he said, adding that Malaysian palm oil production will barely change in 2020.
“Food demand has also been damaged, and we are learning just how important the hospitality sector is for palm oil consumption. Fast food places, snack bars, hotel institutions are the big users of palm oil, and the pandemic has really hit the sector,” he said.
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