This initiative is also envisaged to effectively reduce domestic palm oil inventory to below one million tonnes, and provide a floor price to support CPO prices at RM2,000 per tonne, says Malaysian Palm Oil Board (MPOB) senior research officer Yung Chee Liang at a recent palm oil conference. The B5 implementation was launched in phases, starting with the central region (Putrajaya, Kuala Lumpur Selangor, Selangor…