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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
India's edible oil imports down 32.44% in March
India, the world's leading vegetable oil buyer, had imported 13,93,255 tonne in March last year.
As hotels and eateries shut, palm oil consumption dips
India’s imports of crude palm oil (CPO) and RBD (refined, bleached and de-odourised) palmolein stood at 3.35 lakh tonnes (lt) in March, a steep 58.2 per cent drop compared to 8.02 lt for the same month of 2019.
Moody's downgrades SD Plantation to Baa2
The rating agency said the downgrade was on the US$1.5 billion senior unsecured medium-term note programme of its SD Plantation’s subsidiary, Sime Darby Global Bhd to (P)Baa2 from (P)Baa1, and backed senior unsecured debt rating on the sukuk issued by Sime Darby Global to Baa2 from Baa1
As COVID-19 spreads, commodity markets rumble
Commodity markets are already starting to feel the squeeze, as producers anticipate an economic downturn that could last for months or longer. And economists say it may only be the beginning.
Palm oil refiners asks govt to lift MCO on plantation industry
The Palm Oil Refiners Association of Malaysia is appealing to the Sabah government to allow industry players and its supply chains to work in unison during the extended movement control order (MCO) period.
Let oil palm players resume op: SUCCC
The State Government should emulate the Federal Government by allowing oil palm plantations and palm oil mills in the State to operate during the Movement Control Order (MCO) period.
Palm oil prices dip on demand concerns, lower March stocks forecast caps fall
The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 0.58 per cent to 2,232 ringgit per tonne.
Malaysia’s exports to shrink as virus hits demand
MALAYSIAN manufacturing exports are likely to slump as businesses are reluctant to commit to orders in an uncertain environment caused by the Covid-19 pandemic.
Malaysia on the verge of recession, economy could shrink -2%
A RECESSION seems imminent with Malaysia’s GDP may shrink to a low of -2% in 2020 due to the economic impact of the Covid-19 pandemic, Bank Negara Malaysia (BNM) warned.
