Berita Arkib

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.

SARAWAK has granted the state’s oil palm industry exemption from the federal government’s movement control order that came into force today.

Futures of refined soyoil on the National Commodity and Derivatives Exchange and crude palm oil on the Multi Commodity Exchange of India rose nearly 2% each due to subdued imports of vegetable oil, traders said

Malaysia will be closing most of its palm oil operations as the country shutters non-essential business in an effort to fight the spread of the coronavirus, according to the Malayan Agricultural Producers Association

The restricted movement order (RMO) issued by the government is expected to be negative for the palm oil industry as a whole, possibly resulting in RM1.6 billion in lost revenue for the industry.

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

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.

Indonesia’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.

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.

Malaysia’s decision to restrict movement nationwide in an effort to stop the spread of the coronavirus is raising fears it could imperil the country’s vital palm oil industry.

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.