Palm oil at the peak of a decade
In Malaysia and Indonesia, which account for about 84 percent of the world’s palm oil supply, labor shortages caused by the coronavirus pandemic have reduced production, while major consumers, China and India, are buying more of the product. This is exacerbated by the fact that the third largest producer, Malaysia, reported rare poor production data -according to Food Navigator’s market report. (napi.hu, Szabó Dániel)
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