Palm Oil Growers Need New Uses Amid Glut, De Lavigne Says
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Palm oil producers including Indonesia and Malaysia may need to find new uses for the world’s most-consumed edible oil to absorb the biggest-ever supplies and reverse a slump in prices, according to Frost & Sullivan.
“Malaysia and Indonesia may need to find new applications from palm oil in order to take up the slack caused by increased CPO supply,” Chris de Lavigne, global vice president of consulting, told a conference in Kuala Lumpur today, according to a copy of his remarks, using initials for crude palm oil.