KUALA LUMPUR, July 15 (Bernama) — The Ministry of Plantation Industries and Commodities (MPIC) welcomes the announcement by the “Jihad Against Inflation” special task force that the prices of cooking oil will be reduced in stages. This follows an agreement from those in the palm oil industry to adjust the prices based on the current market prices of crude palm oil (CPO).
Previously, the Ministry had a series of dialogues with key players in the palm oil industry to find solutions to address the rising prices of this essential item without compromising the competitiveness of the sector. The industry cooperates with the government on this matter based on the spirit of the Malaysian Family (Keluarga Malaysia).