Berita Arkib

Workers in the plantation and commodities sector have been exempted from the Movement Control Order (MCO) and are allowed to resume their work activities, said Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.

Malaysian palm oil futures closed lower on Thursday as worries deepened over the damage to global demand due to coronavirus.

The current account deficit went down 71 percent year-on-year to $2.9 billion (1.5% of GDP) in Jul-Feb.

Malaysian palm oil futures climbed 2% on Friday, buoyed by gains in rival edible oils and crude oil, but the contract was poised for a second straight weekly drop amid demand worries due to the coronavirus outbreak.

China will work with other members of the Regional Comprehensive Economic Partnership (RCEP) to ensure that signing of the agreement takes place at the end of the year, the Ministry of Commerce (MOC) said Thursday.

Palm oil dropped to a five-month low on concern about poor purchases by top buyer India, Malaysia’s move to allow the industry to operate during a nationwide lockdown and an overnight slump in petroleum

Malaysian palm oil futures dropped on Thursday as harvesting resumed in world's second-largest palm producer after plantations were exempted from a shutdown imposed to prevent the coronavirus' spread.

In its final findings of the probe, the directorate has concluded that the product has been exported to India from Malaysia below its associated normal value, which is amounting to dumping.

Deputy minister of Primary Industries and Commodities Datuk Seri Dr Wee Jeck Seng has made it his mission to find the best way to help smallholders.

The palm oil industry has successfully appealed to the government to allow oil palm plantations and mills to resume operations during the 14 days of the movement control order which started yesterday.

The potential impact of the Covid-19 pandemic, coupled with the fall in crude oil prices resulted in HLIB Research downgrading the sector to “neutral” from “overweight”, and revising its crude palm oil (CPO) price assumptions downwards.

As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak.