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Chicago soybean futures rose for a seventh consecutive session on Wednesday, underpinned by risks of supply disruption in South American due to coronavirus measures, although gains were capped by wider concerns about the economic fallout from the epidemic.

Plantation industry players have stepped up measures to help curb the spread of COVID-19 by requiring employees who may have been exposed to the contagion prior to the enforcement of the Movement Control Order (MCO) to self-quarantine

A recent heavy slump in palm oil demand is expected to persist through the first half of 2020 as a growing number of countries impose lockdowns to contain the coronavirus outbreak, the Malaysian palm oil industry regulator told Reuters

Palm oil industry players have been told to bring along a copy of Malaysian Palm Oil Board’s (MPOB) permission letter when undertaking the transactions and movements of palm oil products during the movement control order (MCO) period

Malaysian palm oil futures extended gains on Tuesday, in line with rival oils, as prices were bolstered by supply concerns after Malaysia suspended some plantation operations to contain the coronavirus outbreak.

Palm oil production is expected to reach 43.5 million tons in 2020/21 as increased area is partially offset by lower yields resulting from fewer inputs and sub-optimal rainfall during 2018-2019

Barter trade and the operation of several oil palm plantations in Sabah have been halted until further notice in the effort to combat the spread of Covid-19.

Revenue decreased to RM301.36 million from RM343.44 million previously due to the decrease in the selling prices of crude palm oil (CPO), palm kernel and fresh fruit bunches (FFB), it said in an amended filing with Bursa Malaysia today

Under the multi-billion-rupee relief package approved by Prime Minister Imran Khan, the government will abolish duties and taxes on the import and local supply of edible oil, the RBD palm oil, oil seed, pulses, sugar, wheat, rice, medical items/medicines and other essential food commodities having estimated revenue implications of over Rs 15 billion

Plantation operations are expected to be affected by lower exports and prices in the coming months given disruption in the global palm oil supply chain led by the Covid-19 pandemic.

Oil palm smallholders travelling to their estates should produce their Malaysia Palm Oil Board (MPOB) license as supporting documents if stopped for checks at MCO road blocks

The benchmark palm oil contract, for June delivery, on the Bursa Malaysia Derivatives Exchange was down 3.1 per cent at 2,217 ringgit per tonne by 0240 GMT. It gained 3.2 per cent on Friday