Palm oil demand may have bottomed out – MPOC

Global demand for palm oil, the world's most widely-used vegetable oil, may have bottomed out after being hammered by the coronavirus pandemic and is now set for a slow recovery, state agency and industry body the Malaysian Palm Oil Council (MPOC) said on Tuesday.

The outbreak of the coronavirus has shut restaurants and limited travel, hitting demand for palm oil used mainly in food but also in renewable fuel....