Stats Dept: Malaysia’s PPI drops 2.1pc in September amid falling oil prices, mining sector slowdown

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KUALA LUMPUR, Oct 28 — Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer...

Regarding Malaysia’s current selected commodity prices, he noted that global oil prices settled at US$74 per barrel -- the lowest level since December 2021 -- following a revision in the demand forecast by the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) for both this year and 2025.“Concurrently, the Malaysian Palm Oil Board has projected that the price of crude palm oil will remain around RM4,000 per tonne by year-end.“However, there is potential for the price of this commodity to increase further, driven by a decrease in production which could lead to lower stock levels within the country and positively affect prices,” he said.

All sectors recorded a decrease except the agriculture, forestry and fishing sector (up 1.6 per cent).

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Category: EconomyBusiness

Markets: MalaysiaJapanUkraineUnited States

Topics: Department of statistics malaysia DOSM Producer price index ppi Malaysia economy

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Published On: 2024-10-28 @ 14:15:16 (5 days ago)

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