No plan to regulate the price of Malaysian palm oil as a government-controlled product for now.
The ministry affirmed that this was because the price of palm oil in the market is influenced by fundamental factors and market sentiment, which changes based on demand.
“These contribute to the increase in the price of palm oil in the market,” the ministry said in a written reply to a question from senator Datuk Bobbey Suan, who wanted to know about the long-term measures to regulate the price of Malaysian palm oil as a government-controlled product.
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