Latest News

MARKET DEVELOPMENT
19-03-2020

Cabinet allows plantation industry to resume operations

The Cabinet has given its approval for the plantation industry to resume operations during the Covid-19 restriction movement order period with immediate effect.

MARKET DEVELOPMENT
19-03-2020

Malaysia exempts palm plantations from virus closures ensuring global supply

Malaysia has directed palm plantations to continue operations even as the country shuts businesses to prevent the spread of the coronavirus, a producer group said on Wednesday, ensuring steady supplies of the tropical oil to global markets.

MARKET DEVELOPMENT
19-03-2020

Indonesia to cancel rules requiring national ships for coal, palm exports

Indonesiaâ€™s government will revoke rules requiring exporters of coal and palm oil to use national shipping companies for the shipments, Luhut Pandjaitan, Coordinating Minister for Maritime and Investment Affairs, told reporters on Wednesday.

MARKET DEVELOPMENT
19-03-2020

Covid-19 negative on palm oil demand and price â€” Analyst

While it remains unclear on how long the Coronavirus Disease 2019 (Covid-19) will persist, analysts believe it will likely be negative on palm oil especially if it lasts for a longer term period.

MARKET DEVELOPMENT
18-03-2020

Malaysia Lockdown Could Spell Disaster for Key Palm Oil Industry

Malaysiaâ€™s decision to restrict movement nationwide in an effort to stop the spread of the coronavirus is raising fears it could imperil the countryâ€™s vital palm oil industry.

MARKET DEVELOPMENT
18-03-2020

Palm oil up on supply concerns after Malaysia orders movement curbs

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday as supply concerns were raised after the world's second-largest producer ordered two weeks of restricted movement that requires most businesses to shut down in an effort to contain the coronavirus outbreak.

MARKET DEVELOPMENT
18-03-2020

India halts key policy plans as revenues shrink, palm oil spat with Malaysia affects import taxes

NEW DELHI, March 17 â€” India has dropped at least three crucial policy initiatives, including lowering import taxes on vegetable oils, as the outbreak of the coronavirus hits government revenue collection, two sources said on Tuesday.

MARKET DEVELOPMENT
18-03-2020

VEGOILS-Palm oil spikes 5% as Malaysian plantations shut down for two weeks

KUALA LUMPUR, March 18 - Malaysian palm oil futures jumped on Wednesday on supply concerns after plantations were forced to shut their operations for two weeks to comply with government orders as the country tries to curb the spread of the coronavirus.

MARKET DEVELOPMENT
18-03-2020

Plantation firms to recognise accounting profits in 2020

MOST of the accounting fair value (FV) losses experienced by the plantation industry in the fourth quarter of 2019 (4Q19) â€œwill likely reverse and be recognised as accounting profitsâ€ this year.

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