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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.

MALAYSIA’S exports returned to contraction of 2.9% year-on-year (YoY) in August 2020 at RM79.14 billion, compared to RM81.41 billion in the same month last year due to weak demand from regional partners despite recording positive growth in two consecutive months.

PALM oil producers in the country may now have a reason to smile after the government's decision to disburse about 1.4bn/- to Tanzania Agricultural Research Institute (TARI) as budget support to increase production.

Malaysia on Monday said it will impose strict movement restrictions in four districts in its largest palm oil producing state Sabah after reporting more than 1,000 coronavirus infections there in September.

Stakeholders in the oil palm industry, at the weekend, sought a review of the Roundtable for Sustainable Palm Oil (RSPO) National Interpretation (NI) to transform the sector.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher today, driven by the impending rainy season which will lead to lower production.

Fima Corporation Bhd is proposing to buy two pieces of leasehold plantation land measuring 3,237 hectares (ha) in GuaMusang, Kelantan for RM51.5 million.

Malaysian palm oil futures ended unchanged on Monday as gains stemming from supply concerns after Malaysia said it would impose fresh COVID-19 curbs offset losses from China traders unloading positions ahead of a week-long holiday.