Berita Arkib

Palm oil supply and demand are expected to remain tight in the near term as the expected fall in demand amid the Covid-19 crisis will be accompanied by a fall in output, say analysts.

The Sarawak Oil Palm Plantation Owners Association (Soppoa) calls on the government to reconsider the parameters for the Movement Control Order (MCO) for isolated cases of mills or estates.

Malaysian palm oil futures ended higher on Monday, snapping a four-day losing streak, as cargo surveyor data showed better-than-expected exports for the first five days of this month

Malaysian palm oil futures ended higher on Monday, snapping a four-day losing streak, as cargo surveyor data showed better-than-expected exports for the first five days of this month.

India, the world's leading vegetable oil buyer, had imported 13,93,255 tonne in March last year.

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.

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

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.

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.

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.

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.

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.