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Global demand for palm oil, the world's most widely-used vegetable oil, may have bottomed out after being hammered by the coronavirus pandemic and is now set for a slow recovery, state agency and industry body the Malaysian Palm Oil Council (MPOC) said on Tuesday.

KUCHING: The federal government is actively increasing its efforts to draw more people, especially Sarawakians, to participate in the oil palm industry to improve their income.

Palm oil purchases by India will probably plummet to the lowest level in nine years as the closing of restaurants and hotels to contain the spread of coronavirus cut demand for the most-consumed vegetable oil.

KUALA LUMPUR, May 5 (Reuters) - Malaysia’s Sime Darby Plantation, the world’s largest palm oil planter by land size, warned that a prolonged coronavirus pandemic would further disrupt the palm oil supply chain.

Covid-19 has resulted in a global pandemic which has to date infected more than 3.56 million and nearing 250,000 deaths reported globally. With much of the world practicing social distancing via some form of stay-at-home orders, many countries may be facing health crises and the global economy has been impacted to the tune of several trillion dollars. With no effective cure until a suitable vaccine is developed, the outlook in the near term remains uncertain.

NEW DELHI – Futures contracts of all components of the edible oil basket, except soybean, fell on the domestic exchanges today.

KUALA LUMPUR: Malaysia has criticised the World Health Organisation for advising adults to avoid palm oil in their diet during the Covid-19 outbreak and use alternatives such as olive oil.

KUALA LUMPUR (May 5): Malaysia's palm oil inventories for April likely rose 10% from March as coronavirus-driven lockdowns around the world sharply reduced demand, while plantations ramped up production of the edible oil, a Reuters survey showed.

KUALA LUMPUR (May 4): The potential impact of Covid-19 on Sime Darby Plantation Bhd’s business has been limited at this point of time, said its chairman.

JAKARTA (Reuters) - Indonesia will likely face a “drier than usual” dry season in key agricultural regions this year, President Jokowi Widodo said on Tuesday, adding that measures must be put in place to ensure food security and price stability.

KUALA LUMPUR, May 5 (Reuters) - Malaysian palm oil futures on Tuesday rose off nine-month lows hit in the previous session as crude prices jumped, although gains were limited by forecasts for higher April inventory.

New Delhi — Argentina's soybean crushing industry can expect sluggish exports in the new marketing season that started in April, led by a series of supply-side bottlenecks that have impacted production, logistics and export prospects of the world's largest soybean products supplier.