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PALM oil price has been the lowest in 10 months, dropping 34.19% since the beginning of the year to RM2,038 per tonne on Wednesday.

NEW DELHI – Futures contracts of all components of the domestic edible oil basket rose today on domestic exchanges.

More land in the EU-27 has been planted with oilseeds for the 2020 crop than the previous year due to the expansion in rapeseed and soy areas.

KUALA LUMPUR (May 5): India is seen as having very little choice and could soon turn to Malaysia and start importing back, especially if the COVID-19 pandemic situation in Indonesia gets worse and the country goes into full lockdown as most of the countries are doing at the very moment.

The recent dietary advisory published by the WHO Eastern Mediterranean Regional Office (WHO EMRO) advising people not to consume palm oil during the Covid-19 pandemic stating it contains saturated fats is a terribly misleading advisory which will jeopardise WHO's authoritative standing on health and nutrition in the global community.

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.