Agencies told to find mechanism that can reduce cooking oil price

The Jihad Against Inflation Special Task Force has instructed agencies involved to find a mechanism to reduce the retail price of cooking oil following the decline in crude palm oil prices.

Task force chairperson Annuar Musa said the agencies, including the Malaysian Palm Oil Board (MPOB), were instructed to hold engagement sessions with 22 palm oil producers in search of the mechanism.

“We find a downward trend in...