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MARKET DEVELOPMENT  
  05-05-2020

Malaysia end-April palm oil stocks seen rising 10% as output surges to six-month high

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.

MARKET DEVELOPMENT  
  05-05-2020

Covid-19 impact on ops limited, palm oil demand set to continue, says Sime Darby Plantation

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.

MARKET DEVELOPMENT  
  05-05-2020

Indonesia's farms, plantations to face 'drier than usual' dry season

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.

MARKET DEVELOPMENT  
  05-05-2020

VEGOILS-Palm oil firms on stronger crude, higher inventory outlook caps gains

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.

MARKET DEVELOPMENT  
  05-05-2020

Feature: Argentina's soybean crushing industry faces challenges

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.

MARKET DEVELOPMENT  
  04-05-2020

MPOB commercialisation of palm oil technologies hits RM3b

KUALA LUMPUR, May 1 — About 30.4 per cent of the Malaysian palm oil technologies has so far been commercialised with a market value of RM3 billion, benefiting the industry in all sectors.

MARKET DEVELOPMENT  
  04-05-2020

Local palm oil industry ready to support Govt. domestic agriculture drive: POIA

Sri Lanka’s oil palm cultivators can provide tangible support to the Government’s efforts to promote local agriculture and import substitution as a response to the impact of the COVID-19 pandemic on the national economy, the sector’s apex industry association has said.

MARKET DEVELOPMENT  
  04-05-2020

Palm Oil tax increase to hit Lankan Confectionery Industry badly-LCMA

The recent increase of the import taxes of Palm Oil which is essential fat required by the confectioners and bakers of Sri-Lanka is going to cause significant stress and impose additional burdens to both the manufactures and the consumers of these products.

MARKET DEVELOPMENT  
  04-05-2020

Edible oil imports declined in nine months

ISLAMABAD - Imports of edible oil including soybean and palm into the country during first three quarters of current financial year decreased by 33.90 percent and 0.42 percent respectively as compared to the imports of corresponding period of last year. During the period from July-March 2019-20, about 65,649 metric tons of soybean oil valuing $45.282 million was imported to fulfill the domestic requirements as against 95,112 metric tons worth $86.56 million of same period last year. According the data released by Pakistan Bureau of Statistics, import of palm oil into the country during the period under review was recorded at 2,276,994 metric tons costing $1.380 billion as against the import of 3,218,489 metric tons worth $1.386 billion of same period of last year. Meanwhile, imports of soybean oil into the country on month on month basis also reduced by 97.01 percent in March 2020 as compared to the same month of last year. However, the imports of palm oil increased by 30.94 percent in March 2020 as compared to the same month of last year. It may be recalled here that food imports into the country during first three quarters of current financial year decreased by 7.00 percent as different food commodities worth $3.963 billion imported as against the imports of $4.261 billion of corresponding period of last year.

MARKET DEVELOPMENT  
  04-05-2020

Dikabarkan Bisa Tangkal Covid-19, Harga CPO Sepekan Menguat

Jakarta, CNBC Indonesia - Harga minyak sawit mentah (crude palm oil/CPO) selama sepekan ini menguat tipis. Hal itu menyusul laporan bahwa minyak virgin red palm oil efektif untuk membantu memperkuat daya tahan tubuh melawan virus corona baru penyebab Covid-19.

MARKET DEVELOPMENT  
  04-05-2020

Level Harga TBS Perkuat Petani Sawit Riau di Masa Covid-19

Bisnis.com, PEKANBARU—Harga tandan buah segar (TBS) dan minyak kelapa sawit (crude palm oil/CPO) yang terbilang baik saat ini menjadi imunitas bagi perekonomian petani sawit di Riau kala ekonomi diterpa dampak negatif wabah corona (Covid-19).

MARKET DEVELOPMENT  
  30-04-2020

Deputy PM holds phone talks with Estonian FM

Việt Nam is ready to share information and experience with Estonia, and work with the country to promote international co-operation in driving back the epidemic and dealing with global challenges