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Crude palm oil futures surged to Rs 764.50 per 10 kg on October 1 as participants increased their long position as seen by the open interest.

Plantation companies with large oil palm estates in Sabah are back on high alert mode following the stricter enhanced movement control order (EMCO) lockdown in LahadDatu, Tawau, Kunak and Semporna, say industry players.

FGV Holdings Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png says it is "disappointed" in the US Customs and Border Protection's (CBP) ban on the import of its palm oil products, and will engage with the agency towards clearing its name.

The United States has banned imports of palm oil from Malaysian company FGV Holdings following an investigation into allegations it uses forced labour, the U.S. Customs and Border Protection (CBP) agency said on Wednesday.

Malaysian palm oil fell for a second day on Wednesday and was set to end September with a small decline, as it tracked the drop in vegetable oil trade in China just before a week-long holiday.

Palm oil is now facing an almost insurmountable challenge in its bid to replace fossil fuel as an energy source.

Exports of Malaysian rubber products could catch up with – and even overhaul – the country’s palm oil-based manufactured products, as demand for gloves and personal protective equipment (PPE) prevails with a global shortage caused by the Covid-19 pandemic.

Sabah, which is Malaysia's largest palm oil producing state, has ordered plantations, mills and refineries in four districts to shut amid two weeks of curbs on movement to rein in Covid-19.

Felda would become a semi-government trust entity acting as agent and mediator on behalf of both the government and smallholders.

West Africa focused agricultural company Dekel Agri-Vision swung to a modest first-half profit, as higher palm oil prices and extraction rates boosted revenue.

Crude palm oil futures eased to Rs 758.80 per 10 kg on September 29 as participants increased their short position as seen by the open interest.

Malaysian palm oil futures reversed from early gains to close lower on Tuesday as an upcoming week-long holiday in China dampened demand prospects and a faster U.S. soy harvest put pressure on the rival oil.