Crude palm oil stocks decreased by 3.69%, while stocks of processed palm oil went down by 11.27%.
She says Mohd Bakke Salleh is a man of integrity who quit 1MDB due to improprieties in the company.
Mohd Bakke Salleh has been appointed as chairman of the industry regulator and research body for a two-year term effective July 31.
Palm oil prices rose as much as nearly 3% this morning, reaching their strongest since April 10.
Palm Oil Board refutes claims by Kelana Jaya MP Wong Chen that the industry has inadequate support from the government despite its huge contribution to the economy.
Pengerusi Lembaga Minyak Sawit Malaysia berkata, penggunaan santan sawit secara meluas dapat meningkatkan ekonomi lebih 600,000 pekebun kecil sawit, selain mengawal harga santan kelapa di pasaran.
It is the most-used cooking oil and is in everything from pizza dough to ice cream, shampoo, soaps and detergents and as a feedstock in biofuel production
The Malaysian authorities promoting Biodiesel fuel must invest in independent international certification.