Palm oil sector to get boost in second half of 2023

The accession of the United Kingdom to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), improved labour conditions and a softer ringgit are expected to be the catalysts for the palm oil sector to be fruitful in the second half of 2023 (2H 2023).

While a weaker ringgit, which is currently trading at RM4.57 against the US dollar, would seem to be unsettling in general, plantation analysts saw it as an advantage to further boost exports of palm oil.

Concurring with that, the industry regulator Malaysian Palm Oil Board (MPOB) said the depreciation of the local note versus the greenback would help increase demand for crude palm oil (CPO).

Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.

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Dekel Agri-Vision plc

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