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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
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.
India halts key policy plans as revenues shrink, palm oil spat with Malaysia affects import taxes
NEW DELHI, March 17 — 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.
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.
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) “will likely reverse and be recognised as accounting profits†this year.
India drops 3 key policy plans as coronavirus outbreak hits revenue collection: Report
India, which has been battling a financial crisis long before coronavirus became a substantial threat, could see the economy shrink further due to the fast-spreading virus.
Palm oil ends over 2pc lower
Malaysian palm oil futures closed more than 2% lower on Monday as the rapid spread of the coronavirus globally raised concerns over lower demand.
Planters slowing down capex for palm oil mills
Most plantation companies are slowing down their capital expenditure for palm oil mills on the back of falling crude palm oil (CPO) prices and economic uncertainties over Covid-19, analysts note, following a meeting with CB Industrial Product Holding Bhd (CB Industrial) recently.
Canadian canola futures rise
ICE Canadian canola futures rose on Friday. The market rose on traders with short positions taking profits and was also supported by limited hedge pressure as farmers are not currently active sellers to commercial buyers, a trader said. May canola gained $2.60 to settle at $453.60 per tonne.
Malaysian palm growers want plantations freed of virus curbs
Palm plantations in Malaysia, the world’s second largest producer of the commodity, must be allowed to operate during the two weeks of movement curbs ordered to rein in the spread of a coronavirus, a group of growers said on Tuesday.
