As the Malaysian Ringgit drops to record lows, it may imply a lack of economic stability in the country. However, there seems to be an opportunity that lies within this cheap currency, and as all standard economics students would tell you that cheap currency valuation would tend to highlight cheaper exports value relative to other countries. Malaysia is one of the top exporters for crude palm oil and naturally, with palm oil being the most used vegetable oil globally in consumer products.
With positive outlook from the Malaysian Palm Oil Board (MPOB) director-general, where global consumer demand will still outpace supply, and the natural climate effects (El Nino and El Nina) pressuring supply and production levels, palm oil prices are bound to increase, especially after being beaten badly by the market in the past few years.
Besides the above reason, there is also signs of increasing demand in China, evident ......