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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
Sarawak palm oil sector gets permission to keep operating
SARAWAK has granted the state’s oil palm industry exemption from the federal government’s movement control order that came into force today.
India Edible Oil: MCX CPO up on weak imports, BMD cues cap rise
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 Shutting Most Palm Oil Operations, Trade Group Says
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
Palm oil industry could lose RM1.6b revenue from restricted movement order
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.
Cabinet allows plantation industry to resume operations
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 exempts palm plantations from virus closures ensuring global supply
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 to cancel rules requiring national ships for coal, palm exports
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.
Covid-19 negative on palm oil demand and price — Analyst
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 Lockdown Could Spell Disaster for Key Palm Oil Industry
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.
