Jakarta, Jan. 28 -- Indonesia and Malaysia, which together account for around 80 percent of the world's palm oil production, agreed to enhance their cooperation within the industry, President Prabowo Subianto stated.

"We have agreed to increase cooperation in all areas, considering that we are also the largest producers of palm oil (globally)," the president remarked during a joint press statement with Malaysian Prime Minister Anwar Ibrahim in Kuala Lumpur on Monday (Jan 27).

Prabowo underscored the significance of palm oil as a crucial commodity, which is in high demand from countries such as Egypt, India, and Pakistan.

Hence, he expressed gratitude for Malaysia's support of Indonesia, as a fellow palm oil producer, in countering nega...