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Palm oil prices face large decline as pandemic hammers exports
KUALA LUMPUR, April 9 (Reuters) - palm oil producers must brace for crude palm oil prices to fall sharply as coronavirus-led lockdowns around the world curb consumption and boost stocks, said leading industry analyst James Fry.
Sabah urged to allow estates to resume ops
KUALA LUMPUR: A prolonged shuttering of Sabah’s oil palm estates and milling operations would result in mounting crop losses, heightened social tensions and a lost social economic opportunity for the state during this downturn.
Sime Plantation upgraded to ‘buy’ by AllianceDBS
PETALING JAYA: Sime Darby Plantation Bhd (SDPL) has been upgraded to a “buy” from a “hold” by AllianceDBS Research, as it believes the current crisis is different from the last as palm oil demand is proven to be recession-proof.
CPO futures close mostly higher on weaker ringgit
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly higher on the back of a weaker ringgit against the US dollar, said a dealer.
CPO production decline to boost price in near-term
KUALA LUMPUR: The shuttering of plantation operations in six Sabah districts will likely drag on April CPO inventory level and provide support to prices in the near-term, says PublicInvestresearch.
Palm oil futures to remain sluggish
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to remain sluggish next week as weaker demand continues to weigh on prices
Bank Negara: Economic and Monetary Review 2019 highlights
Main points of Bank Negara's Economic and Monetary Review 2019
Indonesian palm oil exports to China plunge by half in January
JAKARTA, March 30 (Jakarta Post/ANN) -- The Indonesian Palm Oil Producers Association (GAPKI) said export volume to China fell by 381,000 tons or 57 percent in January and this had contributed to the sharp fall in the country’s total palm oil exports, which declined by 35.6 percent to 2.39 million tons in January, from 3.72 million tons in December 2019.
Sabah plantation lockdown deemed negative for planters
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.
Palm oil to trade broadly lower next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade broadly lower based on the sector fundamental