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THE government will conduct checks at estates and facilities run by oil palm and rubber companies to ensure they comply with federal orders to curb the spread of Covid-19 as operations continue

The rapid spread of Covid-19 and the collapse of the crude oil market have combined to crush palm oil prospects in recent weeks, and the portends for the months ahead are ominous.

Local plantation companies are now placing strict measures on all their operations, particularly on harvesting and millings, where “social distancing” can be practiced to fight the Covid-19 coronavirus outbreak.

The Ministry of Plantation Industries and Commodities yesterday gave further details about timber processing activities that are allowed to resume during the movement control order (MCO) period amid the Covid-19 outbreak.

Farmers in the plantation and commodity sector have been reminded to adhere to all Covid-19 preventive and control measures to curb the spread of the disease as stipulated by the National Security Council (MKN).

Prime Minister Imran Khan has asked the Federal Board of Revenue to come up with a summary for reducing duty and taxes on eatables to bring down prices of essential commodities

Pemerintah telah resmi menerbitkan landasan aturan mengenai Indonesian Sustainable Palm Oil (ISPO).

Badan Pusat Statistik (BPS) mencatat ekspor Indonesia ke negara-negara non-tradisional masih mengalami peningkatan pada Januari 2020 - Februari 2020. Seperti contohnya, ekspor Indonesia ke negara seperti Swiss dan Qatar.

arga crude palm oil (CPO) atau minyak sawit mentah terpantau menguat pada penutupan perdagangan Jumat (20/3). Berdasar Bursa Malaysia, harga CPO dengan kontrak pengiriman April 2020 naik 2,86% ke RM 2.388 per metrik ton dibandingkan dengan harga hari sebelumnya.

Workers in the plantation and commodities sector have been exempted from the Movement Control Order (MCO) and are allowed to resume their work activities, said Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.

Malaysian palm oil futures closed lower on Thursday as worries deepened over the damage to global demand due to coronavirus.

The current account deficit went down 71 percent year-on-year to $2.9 billion (1.5% of GDP) in Jul-Feb.