DATUK DR. AHMAD PARVEEZ HAJI GHULAM KADIR

Greetings to all members of the Malaysian palm oil industry,
We have had a rather tumultuous last one and a half years, but
it is important for the industry players to remain steadfast in our
push towards long-term sustainability and greater worldwide
acceptance of this important plantation crop for this country. Palm oil is still a
major contributor to our economy, and while we could neither anticipate and
prepare for challenges like Covid-19 and the Ukraine war, there will still be markets
to export our products to. Pricing of crude palm oil is somewhat undergoing a
correction from a combination of higher global vegetable oil supply, and weaker
overall demand, which were brought about by the plethora of factors out of our control.