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PETALING JAYA: Plantation experts are concerned about crude palm oil (CPO) exports from May onwards, as many nations are still battling against the Covid-19 pandemic, with no vaccine in sight to-date.
PETALING JAYA: Analysts expect crude palm oil (CPO) prices to average between RM2,200 and RM2,450 per tonne this year as supply will likely exceed demand given the Covid-19 led disruptions affecting major export markets.
PETALING JAYA: Planters with oil palm estates and mills in Tawau, Lahad Datu and Kinabatangan in Sabah became the first casualty of a Covid-19 lockdown within the plantation sector in the country, say analysts.
Overall improvement in quarterly earnings expected
KUALA LUMPUR: CGS-CIMB Equities Research expects crude palm oil (CPO) prices to trade in the range of RM2,900 to RM3,200 per tonne in Jan 2020F and average RM2,300 per tonne for 2020F.
KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) board of directors has approved the divestment of the entire 100% stake in Sime Darby Plantation Liberia Inc. (SDPL) to Mano Palm Oil Industries (MPOI).
PETALING JAYA: Crude palm oil (CPO) prices are expected to stay bullish this month on supply concerns and higher biodiesel mandates from Malaysia and Indonesia.
NUSA DUA, Indonesia: Top palm oil industry analysts have revised up their price outlook for the edible oil, pointing to reduced production and optimism that Indonesia’s so-called B30 biodiesel programme will help bolster demand.
PETALING JAYA: Crude palm oil (CPO) is expected to trade between RM1,900 and RM2,200 per tonne this month as rising optimism on lower stockpile will likely be offset by weaker demand from India following the major edible oil importer’s move to raise the import duty on palm oil by 5%, according to analysts.